New - 9 hours on Rocket
$2,221 Closing Credit¹
#SC250435, Listing Office: Ruddy Realty
18407 Housing Market Report January 2025•Lackawanna County, Pennsylvania
Housing Prices in 18407, PA
How much do homes in 18407, PA cost?
Housing Market Conditions
Is 18407, PA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
18407 is a Buyer's Market
Difference Since January 2024
At the same time last year, 18407 was a Seller's Market.
Insight
18407 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$160,000$98/SqFt
+$10,500
+7.0%
Based on all homes sold in the last 12 months
Insight
Homes in 18407 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 18407 was $160,000 in January 2025, up 7% from last year, and the median price per square foot was $98.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 18407 | $149.5K | $160K | +7.0% |
| 18433 | $183K | $190K | +3.8% |
| 18421 | $179K | $180K | +0.6% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $117.5K | $90K | -23.4% |
| 22 Bedrooms | $148.5K | $145.5K | -2.0% |
| 33 Bedrooms | $149K | $166K | +11.4% |
| 44 Bedrooms | $170K | $165K | -2.9% |
| 55+ Bedrooms | $123K | $145K | +17.9% |
Summary: 18407 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -23.4%. The home price for 2 bedroom homes decreased by -2.0%. The home price for 3 bedroom homes increased by +11.4%. The home price for 4 bedroom homes decreased by -2.9%. The home price for 5 bedroom homes increased by +17.9%.
Housing supply in 18407, PA
How many homes are available in 18407, PA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 29Last MonthJan 2025 | ||
| 342 months agoDec 2024 | -14.7 % Change MoMDec – Jan |
Summary: The 18407 real estate market had 29 homes for sale in Jan 2025, a 14.7 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthJan 2025 | ||
| 52 months agoDec 2024 | -40.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 1 | 2 | +100.0% |
| 33 Bedrooms | 19 | 11 | -42.1% |
| 44 Bedrooms | 6 | 6 | 0.0% |
| 55+ Bedrooms | 7 | 9 | +28.6% |
Summary: 18407 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes decreased by -42.1%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +28.6%.
Asking Price vs. Sold Price
How much do homes in 18407, PA cost?
Over Asking Price0 Home
At Asking Price2 Homes
Under Asking Price1 Home
Insight
If you're buying a home in 18407, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 18407 in January 2025, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and and 0% were sold over asking.
Days on Market for 18407, PA
How long does it take to sell a home in 18407, PA?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Many homes in 18407 are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 3 homes were sold in 18407; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 38 DaysThis YearJan 2025 | ||
| 47 Days1 year agoJan 2024 | -20.0 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 18407 had an average listing age of 38 days in Jan 2025, down by 20.0% compared to the previous year.
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Newest Listings in 18407, PA
What homes are available in 18407, PA?
New - 5 days on Rocket
#SC250350, Listing Office: RE/MAX Home Team
$1,186 Closing Credit¹
#PM-120412, Listing Office: Pocono Mountain Lakes Realty - Blakeslee
$3,503 Closing Credit¹
#SC250241, Listing Office: C21 Jack Ruddy Real Estate
$1,366 Closing Credit¹
#SC250152, Listing Office: ERA One Source Realty
$4,697 Closing Credit¹
#SC250219, Listing Office: PIKE/WAYNE ASSOCIATION
$2,066 Closing Credit¹
#PW242418, Chassidy Babcock, Listing Office: Pocono Mountain Lakes Realty
$2,969 Closing Credit¹
#SC250100, Listing Office: The Hub Real Estate Group Scranton
$2,494 Closing Credit¹
#SC250003, Listing Office: Hibble Harris Real Estate, Inc
#SC6428, Listing Office: Mericle Commercial Real Estate
$2,731 Closing Credit¹
#SC6424, Listing Office: Ed Beautz Real Estate
#SC4360, Listing Office: Bluestone Realty Group, LLC
Nearby markets
Nearby markets aren't available for 18407, PA
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MLS Disclaimers and Copyright
Based on information from Greater Scranton MLS, OneKey MLS, BrightMLS, Pike/Wayne Association of Realtors MLS, and Pocono Mountains Association of Realtors MLS for the period 02/01/2023 - 02/01/2025
Information provided by the Greater Scranton Board of REALTORS® MLS. Information is for consumers personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses. 
Listings courtesy of Greater Scranton MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 10:15:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listings courtesy of Greater Scranton MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 10:15:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listings courtesy of OneKey MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/1/2025, 10:11:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 10:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Pike Wayne Association of REALTORS MLS. Information displayed on this website on listings other than those of the website owner is displayed with permission of the Pike Wayne Association of REALTORS and Broker/Participants of the Pike Wayne MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 10:15:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 10:15:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site includes listings held by MLS IDX Participants of the Internet Data Exchange Program of the Multiple Listing Service of the Pocono Mountain Association of Realtors®. Listings marked with the Internet Data Exchange logo are not necessarily the listings of the owner of this web site. All listing data is the copyrighted property of the aforesaid Association and its MLS IDX Participants with all rights reserved. The information contained herein is believed to be accurate, but no warranty as such is expressed of implied.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 10:15:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.