Is Scranton, PA 18503 a buyer’s or seller’s market?
Scranton is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Scranton housing market right now
In the three months ending August 31, 2026, 0% of homes in Scranton, PA 18503 sold above their list price and the typical home went under contract in 12 days. With only 1 sale, these figures can swing a lot from month to month.
Within Lackawanna County, homes here sell faster than in 91% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Old Forge 18518 (57% sold over asking) and Waverly 18471 (50% sold over asking) are even more competitive.
Run the numbers for 18503
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 →Towns like Scranton nearby
Find towns like Scranton in other states →Where Scranton is
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Questions about Scranton real estate
How fast do homes sell in Scranton?
The typical home went under contract in 12 days in the latest three months.
Do homes in Scranton sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.
What are property taxes in Scranton?
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 Scranton?
The median sale price was $129,944 in the three months ending August 31, 2026, about $185 per square foot.
Local agents
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More tools for 18503
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology