These 7 Pennsylvania cities have some of the quickest homes sales in US, analysis says
Seven Pennsylvania areas made a recent ranking of the 50 places where homes are selling the quickest. Four of those cities made the top 10, and Pennsylvania claimed all three of the top spots.
On the list are Scranton, Montgomery County, Allentown, Harrisburg, Reading, Lancaster and York.
Website Stacker looked at more than 300 metro areas in the U.S. for the analysis, using data from real estate site Redfin on median days homes spent on the market and how many units were sold in April.
The 50 cities on the list are seemingly bucking trends in the national real estate market, which Redfin reports is slowing down. The number of homes sold across the country is down 25.5% year-over-year, and Redfin reports a downturn in Pennsylvania as whole with home sales down 23.9% year-over-year.
Sales are strong in many parts of central Pennsylvania. In April, the median sale price in Centre County was up about 14% over the five-year average, according to the Centre County Association of Realtors’ monthly report.
Pennsylvania spots among ‘The 50 places where homes are selling the fastest’
No. 36: Montgomery County, Pa.
With a median of 17 days on the market and 1,470 homes sold in the month of April, Montgomery County takes 36th place in the ranking.
It ranks right above Frederick, Md., and right below Wilmington, Del.
No. 32: Scranton, Pa.
Scranton takes 32nd place, reporting a median of 15 days on the market before listings sell and 329 homes sold in April. According to the report, the median home sale price in Scranton sits at $170,000.
Scranton ranks right below Sacramento, Calif., and right above Beaumont, Texas.
No. 23: Allentown, Pa.
Ranking right above Albany, N.Y., and right below Indianapolis, Allentown takes 23rd place. Homes there sit a median of 13 days on the market at a median listing price of $305,000.
Six hundred thirty-five homes were sold in Allentown in April, according to Redfin.
No. 9: Harrisburg, Pa.
Harrisburg takes ninth place on the list of 50 with a median of seven days on the market and 456 homes sold in April.
Ranking right above Fort Wayne, Ind., and right below Wichita, Kansas, the median cost of a home in the area is $245,250, according to Redfin.
No. 3: Lancaster, Pa.
This Pennsylvania city has the third most competitive housing market in the U.S., according to Stacker.
Redfin reports a median of six days spent on the market with 320 homes sold in Lancaster during the month of April. The median sale price sits at $301,000.
Lancaster placed right above Evansville, Ind., on the ranking.
No. 2: Reading, Pa.
Reading takes seventh place for competitive housing markets, according to Stacker, reporting a median of six days spent on the market and 323 homes sold in April.
According to Redfin, the median home sale price there is $250,000.
No. 1: York, Pa.
York was named the No. 1 place where homes are selling the quickest by Stacker.
Redfin reports listings for sale in York sit for a median of six days on the market. Additionally, 471 homes were sold in April, with a median listing price of $250,000.
STACKER’S “THE 50 PLACES WHERE HOMES ARE SELLING THE FASTEST”
Here are the 10 places in the U.S. where homes are selling the quickest, according to Stacker:
York, Pa.
Reading, Pa.
Lancaster, Pa.
Evansville, Ind.
Seattle, Wash.
Cincinatti, Ohio
Grand Rapids, Mich.
Wichita, Kansas
Harrisburg, Pa.
