Olyphant Housing Market Report January 2025•Lackawanna County, Pennsylvania

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Housing Prices in Olyphant, PA

How much do homes in Olyphant, PA cost?

Housing Market Conditions

Is Olyphant, 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

Olyphant is a Seller's Market

Difference Since January 2024

Since last year, Olyphant has remained a Seller's Market.

Insight

Olyphant 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.
$227,500$121/SqFt
+$30,000
+15.2%

Based on all homes sold in the last 12 months

Insight

Homes in Olyphant have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in Olyphant was $227,500 in January 2025, up 15.2% from last year, and the median price per square foot was $121.

Median Sold Price By City

Median Sold Price By City
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
Peckville
+32.8%
Blakely
+27.2%
Jessup
+15.5%
Olyphant
+15.2%

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.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$140K$164.9K
+17.8%
3$213.5K$225K
+5.4%
4$225K$248K
+10.2%
5$280K$265K
-5.4%

Summary: Olyphant housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +17.8%. The home price for 3 bedroom homes increased by +5.4%. The home price for 4 bedroom homes increased by +10.2%. The home price for 5 bedroom homes decreased by -5.4%.

Housing supply in Olyphant, PA

How many homes are available in Olyphant, 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
8Last MonthJan 2025
142 months agoDec 2024
-42.9 %
Change MoMDec – Jan

Summary: The Olyphant real estate market had 8 homes for sale in Jan 2025, a 42.9 % decrease compared to Dec 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
2Last MonthJan 2025
72 months agoDec 2024
-71.4 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
100
0.0%
233
0.0%
352
-60.0%
432
-33.3%
531
-66.7%

Summary: Olyphant 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 remained the same. The inventory for 3 bedroom homes decreased by -60.0%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes decreased by -66.7%.

Asking Price vs. Sold Price

How much do homes in Olyphant, 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 Olyphant, 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 Olyphant in January 2025, down by 71.4% 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 Olyphant, PA

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Olyphant has remained consistent over time.

Summary: During January 2025, 2 homes were sold in Olyphant; 0% of homes were sold within 30 days, 100% 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
56 DaysThis YearJan 2025
66 Days1 year agoJan 2024
-15.6 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Olyphant had an average listing age of 56 days in Jan 2025, down by 15.6% compared to the previous year.

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Newest Listings in Olyphant, PA

What homes are available in Olyphant, PA?

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Nearby markets aren't available for Olyphant, PA

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MLS Disclaimers and Copyright

Based on information from Greater Scranton 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. 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: 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.