18518 Housing Market Report February 2025•Lackawanna County, Pennsylvania

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Housing Prices in 18518, PA

How much do homes in 18518, PA cost?

Housing Market Conditions

Is 18518, PA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

18518 is a Buyer's Market

Difference Since February 2024

Since last year, 18518 has remained a Buyer's Market.

Insight

18518 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$225,000$122/SqFt
+$24,100
+12.0%

Based on all homes sold in the last 12 months

Insight

Homes in 18518 have sold for 12% more than they did a year ago.

Summary: The median home sold price in 18518 was $225,000 in February 2025, up 12% from last year, and the median price per square foot was $122.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
18411
+12.1%
18518
+12.0%
18517
+6.4%
18507
+4.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1-$61K
N/A
2$184K$174.5K
-5.2%
3$201.1K$250K
+24.3%
4$220K$200K
-9.1%
5$245.4K$239.6K
-2.4%

Summary: 18518 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -5.2%. The home price for 3 bedroom homes increased by +24.3%. The home price for 4 bedroom homes decreased by -9.1%. The home price for 5 bedroom homes decreased by -2.4%.

How does 18518, PA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

18518, PA

Housing supply in 18518, PA

How many homes are available in 18518, PA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
16Last MonthFeb 2025
162 months agoJan 2025
0.0 %
Change MoMJan – Feb

Summary: The 18518 real estate market had 16 homes for sale in Feb 2025, the same as Jan 2025

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthFeb 2025
62 months agoJan 2025
-66.7 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
253
-40.0%
388
0.0%
413
+200.0%
522
0.0%

Summary: 18518 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -40.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +200.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 18518, PA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in 18518, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 18518 in February 2025, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for 18518, PA

How long does it take to sell a home in 18518, PA?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Many homes in 18518 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 2 homes were sold in 18518; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
33 DaysThis YearFeb 2025
15 Days1 year agoFeb 2024
+113.8 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 18518 had an average listing age of 33 days in Feb 2025, up by 113.8% compared to the previous year.

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Newest Listings in 18518, PA

What homes are available in 18518, PA?

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MLS Disclaimers and Copyright

Based on information from Greater Scranton MLS, for the period 03/01/2023 - 03/01/2025

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. IDX 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: 3/14/2025, 12:15:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.