Is Scranton, PA 18512 a buyer’s or seller’s market?

The Scranton housing market right now

In the three months ending August 31, 2026, 42% of homes in Scranton, PA 18512 sold above their list price, the typical home went under contract in 13 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. That’s based on 25 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (42% then), homes sold more slowly (9 days then) and the median sale price fell 8% to $228,901. Overall, Scranton is about as competitive as it was a year ago.

Within Lackawanna County, homes here sell faster than in 82% of the county’s ZIP codes, and sell more often over asking than in 82%. On our competition score, Scranton ranks #256 of 601 PA ZIP codes with enough sales (score 76 out of 100).

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.