PA · Metro #101

Scranton - PA housing market

The Scranton metro has a typical home value of $236,367, up 1.4% from a year ago. Homes are moving fast at 13 days on market, a strong seller's market. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$236,367
+1.4% vs. year ago
Median sale price
$224,450
+10.1% YoY
Median list price
$254,500
Sale-to-list ratio
98.4%
Selling below ask
Days on market
13d
Listings w/ price cut
21.4%
New listings / mo
525
+5.6% YoY
Homes for sale
1,346
+4.8% YoY
Typical rent
$1,334/mo
+4.0% YoY
Context

How to read this data

The typical home value ($236,367) 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 1.4% over the past year. In Scranton - PA, that means a home worth $233,104 last year is now worth roughly $236,367.

The median sale price , what homes actually close for , is $224,450. Homes are selling at 98.4% of list price, meaning buyers have room to negotiate.

Homes listed in Scranton - PA sit on the market for roughly 13 days before going pending. Shorter = seller's market; longer = buyer's market.

About 21.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 525 new listings hit the market each month in Scranton - PA. There are currently 1,346 homes for sale, up 4.8% from a year ago.

The typical monthly rent in Scranton - PA is $1,334, up 4.0% year over year. For investors, the price-to-rent ratio here is roughly 15x 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$394,762 +2.5% 10.0d
Pittsburgh - PA$235,539 +0.6% 9.0d
Allentown - PA$370,184 +3.2% 8.0d
Harrisburg - PA$314,931 +3.3% 7.0d
Lancaster - PA$392,781 +4.7% 5.0d
York - PA$313,193 +3.3% 6.0d
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