Is Scranton, PA 18540 a buyer’s or seller’s market?
Scranton is a seller’s market. With about 2.4 months of supply and 33% 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.
More competitive than 92% of U.S. ZIP codes, and #131 of 602 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Scranton housing market right now
In the three months ending August 31, 2026, 33% of homes in Scranton, PA 18540 sold above their list price, the typical home went under contract in 5 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 30%, homes sold faster (26 days then) and the median sale price rose 13% to $281,578. Overall, Scranton is more competitive than a year ago, so tougher for buyers.
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Where Scranton is
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Questions about Scranton real estate
Is Scranton a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Scranton, PA 18540 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 Scranton?
The typical home went under contract in 5 days in the latest three months.
Do homes in Scranton sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 98.6% of the list price.
What is the median home price in Scranton?
The median sale price was $281,578 in the three months ending August 31, 2026, about $139 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