Luzerne County Housing Market Report December 2024Luzerne County, Pennsylvania

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Housing Prices in Luzerne County, PA

How much do homes in Luzerne County, PA cost?

Housing Market Conditions

Is Luzerne County, 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

Luzerne County is a Seller's Market

Difference Since November 2024

Last month, Luzerne County has remained a Seller's Market.

Insight

Luzerne County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$185,000$110/SqFt
+$15,000
+8.8%

Based on all homes sold in December 2024

Insight

Homes in Luzerne County have sold for 8.8% more than they did a month ago.

Summary: The median home sold price in Luzerne County was $185,000 in December 2024, up 8.8% from last month, and the median price per square foot was $110.

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.
BedsNov 2024Dec 2024Change MoM
1--
N/A
2$63.5K$157.3K
+147.7%
3$170K$225K
+32.4%
4$359.7K$167.8K
-53.3%
5$190K$219.5K
+15.5%

Summary: Luzerne County housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +147.7%. The home price for 3 bedroom homes increased by +32.4%. The home price for 4 bedroom homes decreased by -53.3%. The home price for 5 bedroom homes increased by +15.5%.

Housing supply in Luzerne County, PA

How many homes are available in Luzerne County, 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
191Last MonthDec 2024
1962 months agoNov 2024
-2.6 %
Change MoMNov – Dec

Summary: The Luzerne County real estate market had 191 homes for sale in Dec 2024, a 2.6 % decrease compared to Nov 2024.

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
44Last MonthDec 2024
372 months agoNov 2024
+18.9 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
100
0.0%
22931
+6.9%
39389
-4.3%
43633
-8.3%
53838
0.0%

Summary: Luzerne County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +6.9%. The inventory for 3 bedroom homes decreased by -4.3%. The inventory for 4 bedroom homes decreased by -8.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Luzerne County, 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 Price9 Homes

At Asking Price8 Homes

Under Asking Price26 Homes

Insight

If you're buying a home in Luzerne County, you may be able to get a good deal. 60.5% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in Luzerne County in December 2024, up by 18.9% month-over-month. Of the 43 sold homes, 60% were sold under asking, 19% were sold at asking, and and 21% were sold over asking.

Days on Market for Luzerne County, PA

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

Breakdown of Home Sale Times

Under 30 Days20 Homes

30 – 90 Days10 Homes

Over 90 Days6 Homes

Insight

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

Summary: During December 2024, 44 homes were sold in Luzerne County; 45% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% 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.
Last Month1 month agoChange MoM
43 DaysLast MonthDec 2024
52 Days1 month agoNov 2024
-15.8 %
Change MoMNov – Dec

Summary: Homes in Luzerne County had an average listing age of 43 days in Dec 2024, down by 15.8% compared to the previous month.

Newest Listings in Luzerne County, PA

What homes are available in Luzerne County, PA?

MLS Disclaimers and Copyright

Based on information from Greater Scranton MLS, BrightMLS, Central Susquehanna Valley Board of Realtors MLS, Greater Lehigh Valley MLS, and Pike/Wayne Association of Realtors MLS for the period 11/01/2024 - 01/01/2025

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.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:16:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX 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: 1/17/2025, 11:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
DISCLAIMER NOTICE: The information above is provided exclusively for the use of Members of the Central Susquehanna Valley MLS ('CSVBR-MLS'). Buyers and all other individuals not members of the CSVBR-MLS ('all non-MLS members') are NOT AUTHORIZED TO UTILIZE THIS INFORMATION AND HAVE NO RIGHT TO RELY ON IT. All non-MLS members must independently verify all information important to them and agree to hold all members of the CSVBR-MLS harmless from all liability for the accuracy of this information if they fail to independently verify that information. Information is deemed to be reliable, but is not guaranteed.

Copyright © 2025 Central Susquehanna Valley Board of REALTORS - MLS. 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: 1/17/2025, 11:21:07 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 comes in part from the Internet Data exchange (“IDX”) program of the Greater Lehigh Valley REALTORS®. The MLS Listing Information has not been verified and is not guaranteed by MLS. IDX 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, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2025 Greater Lehigh Valley REALTORS® 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: 1/17/2025, 11:20:56 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: 1/17/2025, 11:16:13 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.