Is Wilkes Barre, PA 18705 a buyer’s or seller’s market?

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

Wilkes Barre is a seller’s market. With about 2.2 months of supply and 52% 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.

Competition score87/ 100

More competitive than 92% of U.S. ZIP codes, and #131 of 601 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 August 31, 2026. See the breakdown

Months of supply2.2Under 4 months = seller’s market
Sold above original list52.3%Share of sales, last 3 months
Median sale-to-list100.9%Sold price ÷ list price
Median days on market8Listing to accepted offer
Median price per sq ft$118▲ +0.6% vs. last year

The Wilkes Barre housing market right now

In the three months ending August 31, 2026, 52% of homes in Wilkes Barre, PA 18705 sold above their list price, the typical home went under contract in 8 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 43 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 43%, homes sold faster (16 days then) and the median sale price held steady to $235,348. Overall, Wilkes Barre is more competitive than a year ago, so tougher for buyers.

Within Luzerne County, homes here sell faster than in 94% of the county’s ZIP codes, and sell more often over asking than in 94%. On our competition score, Wilkes Barre ranks #131 of 601 PA ZIP codes with enough sales (score 87 out of 100).

Nearby, buyers who want less competition could look at Bear Creek 18602 (0% sold over asking) or Weston 18256 (0% sold over asking), while Shickshinny 18655 (75% sold over asking) and Pittston 18641 (55% sold over asking) are even more competitive.

Nearby markets

Bear Creek 18602Buyer’s market $251 /sq ftConyngham 18219 — /sq ftDallas 18612Seller’s market $178 /sq ftDrifton 18221 $108 /sq ft Browse all markets →

Where Wilkes Barre is

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Questions about Wilkes Barre real estate

Is Wilkes Barre a buyer’s or seller’s market?

A seller’s market: there were 2.2 months of supply in Wilkes Barre, PA 18705 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 Wilkes Barre?

The typical home went under contract in 8 days in the latest three months.

Do homes in Wilkes Barre sell over asking?

52% of homes sold above their original list price, and the typical sale closed at 100.9% of the list price.

What are property taxes in Wilkes Barre?

About 1.45% of a home’s value a year in Luzerne County, or roughly $5,800 on a $400,000 home.

What is the median home price in Wilkes Barre?

The median sale price was $235,348 in the three months ending August 31, 2026, about $118 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