Spotlight on the Wilkes-Barre/Scranton, PA Market

In early 2025, the real estate market in the Scranton-Wilkes-Barre-Hazleton area of Pennsylvania has shown notable growth. The average home value in this region is approximately $211,392, reflecting a 7.0% increase over the past year. Homes typically go under contract in around 32 days. ​

In Wilkes-Barre specifically, the median list price for homes reached $179,500 in February 2025, marking a significant 23.8% year-over-year increase. 

The median price per square foot stands at $95. Inventory levels have remained relatively stable, with 23 homes for sale in February 2025, a 4.5% increase from January. Additionally, homes in Wilkes-Barre are selling relatively quickly, with 67% of homes sold within 30 days in February 2025.

These trends indicate a robust and appreciating real estate market in the Scranton-Wilkes-Barre-Hazleton area, characterized by rising home values, increased listing prices, and efficient turnover rates.

The housing market in Scranton, Pennsylvania, has been characterized by rising home values, limited inventory, and increasing prices.​

Home Values and Prices:

• The average home value in Scranton is approximately $175,558, reflecting a 9.9% year-over-year increase. 

• The median sold price for homes reached $192,041 in February 2025, marking a 13% rise from the previous year. ​

• Median listing prices vary by neighborhood, with areas like East Mountain at $300,000 and Tripp's Park around $168,000

As of early 2025, the Hazleton, Pennsylvania, real estate market has experienced significant growth, characterized by rising home values, a competitive atmosphere, and decreasing inventory.​

Home Values and Prices:

• The average home value in Hazleton is approximately $198,089, reflecting a 5.5% increase over the past year. ​

• In February 2025, the median sale price was $210,000, a substantial 47.5% year-over-year rise. ​

• The median list price stood at $282,500 in February 2025, marking a 5.6% increase from the previous year.

Market Conditions:

• The Hazleton housing market is highly competitive, with homes typically selling in about 11 days.

• Inventory levels are notably low, with only 16 homes available for sale in February 2025, a 23.8% decrease from the previous month. ​

• Many homes receive multiple offers, some with waived contingencies, and often sell for approximately 1% below the list price. ​

Rental Market:

• The average rent in Hazleton is approximately $1,980, aligning with the national average. 

These trends indicate a robust and competitive real estate environment in Hazleton, with rising prices and limited availability. Prospective buyers should be prepared for a dynamic market, while sellers may find favorable conditions.​