PA · Metro #101

Scranton - PA housing market

The Scranton metro has a typical home value of $223,921, up 1.6% from a year ago. Homes are moving fast at 17 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$223,921
+1.6% vs. year ago
Median sale price
$216,671
+11.3% YoY
Median list price
$239,633
Sale-to-list ratio
97.3%
Selling below ask
Days on market
17d
Listings w/ price cut
19.7%
New listings / mo
399
-2.2% YoY
Homes for sale
1,152
-2.0% YoY
Typical rent
$1,339/mo
+5.3% YoY
Context

How to read this data

The typical home value ($223,921) is the Zillow Home Value Index for the Scranton - PA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.6% over the past year. In Scranton - PA, that means a home worth $220,395 last year is now worth roughly $223,921.

The median sale price , what homes actually close for , is $216,671. Homes are selling at 97.3% of list price, meaning buyers have room to negotiate.

Homes listed in Scranton - PA sit on the market for roughly 17 days before going pending. Shorter = seller's market; longer = buyer's market.

About 19.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 399 new listings hit the market each month in Scranton - PA. There are currently 1,152 homes for sale, down 2.0% from a year ago.

The typical monthly rent in Scranton - PA is $1,339, up 5.3% year over year. For investors, the price-to-rent ratio here is roughly 14x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Covered Home Repairs
Related

Other metros in PA

MetroHome value1-yr changeDays on market
Philadelphia - PA$386,647 +2.6% 11.0d
Pittsburgh - PA$228,113 +1.1% 15.0d
Allentown - PA$360,509 +3.0% 10.0d
Harrisburg - PA$308,987 +3.6% 8.0d
Lancaster - PA$385,243 +4.5% 5.0d
York - PA$307,295 +3.7% 7.0d
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