Over the last 30 days, the Mahanoy City market showed healthy signs with two homes sold. It marks a 100.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. Within the same time frame, Shenandoah had two sales, the most of all cities in the area. Prices are rising in Mahanoy City, and the median sales price this period increased from $8,125 to $9,737.
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Mahanoy City is a much less affluent than average city in Pennsylvania with a median income of $29,233 per household. The population is also considered older than most with a median age of 40 years. With an ownership ratio of 52.0%, most people in Mahanoy City are homeowners. The top school in the city is Mahanoy Area Middle School.
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Over the last 30 days, a budding upward sales trend continued in the Mahanoy City market, even as sales fell to one this week. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. Prices are falling in Mahanoy City, and this period the median price of all sales fell from $9,312 to $8,125. Mahanoy City is a strong buyer's market, thanks to a big 11 months of inventory to choose from and a pullback in sales.
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Fewer sellers put their homes up for sale in the Mahanoy City market over the last 30 days and the number of new listings fell this week to five. Home sales remained unchanged from the prior period and once again two homes were sold. The median sales price of all transactions in Mahanoy City did not budge this week, remaining at $9,312.
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The Mahanoy City market pulled back 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 (1.2) with two homes sold. Meanwhile, close-by St. Clair reported three homes sales, the highest number from all the surrounding cities. Potential buyers should note that prices are coming down in Mahanoy City, and for this period the median sales price slid from $10,500 to $9,312.
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The number of home sales in the Mahanoy City market climbed 50.0% to three homes over the last 30 days, above the 1.1 monthly average. Within the same time frame, St. Clair had four sales, the most of all cities in the area. 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 dropped to $10,500 this week.
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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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