Mahanoy City has a population that is older than most in Pennsylvania with a median age of 40 years. Also, it's much less affluent than average with a median income of $29,233 per household. It should be noted that at 52.0%, most people own their homes in Mahanoy City. The top school in the city is Mahanoy Area Middle School.
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The Mahanoy City market was active in this week's report, as the number of home sales rose 100.0%, pushing the total to two homes sold over the last 30 days. To put it in perspective, close-by Frackville registered four homes sold in the same time frame, the most of all surrounding cities. The median sales price continued to fall, trending downwards for four weeks to reach $13,000.
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The Mahanoy City market broke below its 12-month average sales volume this week as sales dropped 66.7% to hit one home sold over the last 30 days. In comparison, nearby Frackville had four sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $4,000, down from last week's $5,000. With decreasing sales and the availability of 11 months of inventory, Mahanoy City is a definite buyer's market.
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Over the last 30 days, a solid upward sales trend continued in the Mahanoy City market, even as sales remained flat at three this week. The median sales price in Mahanoy City stayed flat at $5,000 while months of inventory was flat at four.
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The Mahanoy City market made strides in this week's report, as the number of home sales climbed 50.0%, pushing the total to three homes sold over the last 30 days. In comparison, nearby Shenandoah had four sales in the same time frame, the most of all neighboring cities. Prices are coming down in Mahanoy City, as the median sales price tumbled to $5,000, while months of inventory also shrunk to four.
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The Mahanoy City market slowed with a 33.3% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (1.3) with two homes sold. In comparison, nearby Shenandoah had five sales in the same time frame, the most of all neighboring cities. Prices are rising in Mahanoy City, and the median sales price this period increased from $11,500 to $12,000.
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With 4,162 residents, Mahanoy City is a larger than average city in Pennsylvania. Also, with a 10.9% decrease over the last 10 years, its population is shrinking slower than other parts of the state. The Mahanoy City market is almost exclusively made up of condos and townhouses, currently accounting for 0% overall. The top school in the city is Mahanoy Area Middle School.
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Over the last 30 days, an established upward sales trend continued in the Mahanoy City market, extended as sales rose to three this week. There are four months of inventory remaining in Mahanoy City, and the market is swinging toward the seller, but that may be offset as the median sales price tumbled to $11,500 this week.
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The Mahanoy City market was steady this week as sales remained at two homes over the prior 30 days, but the area is experiencing an emerging upward trend of contracts closing, now up to three. The median sales price in Mahanoy City stayed put this week at $30,750.
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More sellers put their homes up for sale in the Mahanoy City market over the last 30 days and the number of new listings jumped this week to three. Home sales remained unchanged from the prior period and once again two homes were sold. Pricing in Mahanoy City remains consistent from last week to this week, with the median sales price at $30,750 again.
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