The number of home sales in the Mahanoy City market climbed 100.0% to two homes over the last 30 days, exceeding the 1.1 monthly average for the last 12 months. To put it in perspective, close-by St. Clair registered four homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices are coming down in Mahanoy City, and for this period the median sales price slid from $15,000 to $12,750.
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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. Condos and townhouses account for 11% of the area's current housing market. The best school in the city is Mahanoy Area Middle School.
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The Mahanoy City market saw sales remain flat this week with one home sold over the last 30 days, while new listings rose to one. The median sales price of all transactions in Mahanoy City did not budge this week, remaining at $15,000. Along with flat sales, a relatively high nine months of inventory indicates that Mahanoy City is a strong buyer's market.
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The Mahanoy City market saw zero homes go under contract, and failed to break out of a budding downward trend. The market had total home sales of one over the last 30 days, maintaining last week's pace. Potential buyers should note that prices are coming down in Mahanoy City, and for this period the median sales price slid from $22,000 to $15,000. Mahanoy City is a solid buyer's market, due to a downward trend in contracts numbers and 11 months of inventory remaining.
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A three-week rough patch for the overall sales trend continues in the Mahanoy City market, with number of sales staying even at one over the last 30 days. The median sales price in Mahanoy City stayed put this week at $22,000. Mahanoy City is a definite buyer's market, due to a downward trend in sales numbers and 11 months of inventory remaining.
Comments:

The Mahanoy City market saw sales remain flat this week with one home sold over the last 30 days and new listings also remain flat at two. The median sales price remained unchanged over the latest reporting period for Mahanoy City, coming in at $22,000. With no movement in sales and the availability of 10 months of inventory, Mahanoy City is a definite buyer's market.
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The Mahanoy City market saw one home go under contract and failed to break out of a new downward trend. Along with that, total home sales fell to one over the last 30 days. The median sales price jumped to $22,000, up from last week's $13,000. Mahanoy City is a definite buyer's market with 11 months of inventory to choose from, aided by the downturn in contracts.
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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.
Comments:

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.
Comments:

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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