Is Towanda, PA 18848 a buyer’s or seller’s market?
Towanda is a seller’s market. With about 3.2 months of supply and 31% 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.
The Towanda housing market right now
In the three months ending August 31, 2026, 31% of homes in Towanda, PA 18848 sold above their list price, the typical home went under contract in 35 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold about as fast and the median sale price rose 41% to $239,796. Overall, Towanda is less competitive than a year ago, which gives buyers more room.
Within Bradford County, homes here sell faster than in 53% of the county’s ZIP codes, and sell less often over asking than in 76%.
Nearby, buyers who want less competition could look at Wysox 18854 (0% sold over asking) or Laceyville 18623 (0% sold over asking), while Granville Summit 16926 (100% sold over asking) and Milan 18831 (100% sold over asking) are even more competitive.
Run the numbers for 18848
Nearby markets
Athens 18810Seller’s market $139 /sq ftCanton 17724Seller’s market $122 /sq ftColumbia Cross Roads 16914Seller’s market $172 /sq ftEast Smithfield 18817 — /sq ft Browse all markets →Towns like Towanda nearby
Find towns like Towanda in other states →Where Towanda is
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Questions about Towanda real estate
Is Towanda a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Towanda, PA 18848 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 Towanda?
The typical home went under contract in 35 days in the latest three months.
Do homes in Towanda sell over asking?
31% of homes sold above their original list price, and the typical sale closed at 100.7% of the list price.
What are property taxes in Towanda?
About 1.09% of a home’s value a year in Bradford County, or roughly $4,360 on a $400,000 home.
What is the median home price in Towanda?
The median sale price was $239,796 in the three months ending August 31, 2026, about $128 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