Is Jessup, PA 18434 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Jessup is a seller’s market. With about 2.8 months of supply and 38% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.8Under 4 months = seller’s market
Sold above original list37.5%Share of sales, last 3 months
Median sale-to-list96.6%Sold price ÷ list price
Median days on market31Listing to accepted offer
Median price per sq ft$158▲ +38.2% vs. last year

The Jessup housing market right now

In the three months ending August 31, 2026, 38% of homes in Jessup, PA 18434 sold above their list price, the typical home went under contract in 31 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 75%, homes sold more slowly (5 days then) and the median sale price fell 7% to $216,786. Overall, Jessup is less competitive than a year ago, which gives buyers more room.

Within Lackawanna County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell less often over asking than in 55%.

Nearby, buyers who want less competition could look at Scranton 18503 (0% sold over asking) or Fleetville 18420 (0% sold over asking), while Old Forge 18518 (57% sold over asking) and Waverly 18471 (50% sold over asking) are even more competitive.

Nearby markets

Archbald 18403Seller’s market $156 /sq ftCarbondale 18407Seller’s market $108 /sq ftClarks Summit 18411Seller’s market $197 /sq ftDalton 18414Balanced $194 /sq ft Browse all markets →

Where Jessup is

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Questions about Jessup real estate

Is Jessup a buyer’s or seller’s market?

A seller’s market: there were 2.8 months of supply in Jessup, PA 18434 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Jessup?

The typical home went under contract in 31 days in the latest three months.

Do homes in Jessup sell over asking?

38% of homes sold above their original list price, and the typical sale closed at 96.6% of the list price.

What are property taxes in Jessup?

About 1.49% of a home’s value a year in Lackawanna County, or roughly $5,960 on a $400,000 home.

What is the median home price in Jessup?

The median sale price was $216,786 in the three months ending August 31, 2026, about $158 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology