Homes in Monroe County sold for higher prices recently: See how much here

Source: Pocono Records

New Realtor.com data shows Monroe County’s median home sale price rose to $310,000 in February, up 1.6% from January’s $305,000 and 18.3% higher than February 2024’s $262,000. The data, based on recorded sales from real estate deeds, has a slight delay and excludes current listings, so it isn’t directly comparable to listing prices.

Here is a breakdown on median sale prices:

• Looking only at single-family homes, the $311,000 median selling price in Monroe County was slightly up in February from $309,500 the month prior. Since February 2024, the sales price of single-family homes was up 15.6% from a median of $269,000.Two single family homes sold for $1 million or more during the month, compared to two recorded transactions of at least $1 million in February 2024.

• Condominiums and townhomes decreased by 11.5% in sales price during February to a median of $220,000 from $248,450 in January. Compared to February 2024, the sales price of condominiums and townhomes was up 115% from $102,341. No condominiums or townhomes sold for $1 million or more during February.

About recorded home sales in Monroe County in Pennsylvania

In February, Monroe County recorded 169 home sales, down 19.1% from 209 in February 2024, totaling $55.1 million. Across Pennsylvania, the median home price was $260,000, down 1.3% from January, with 7,941 sales-a decrease of 8.5% from February 2024.

 Here's a breakdown for the full state:

• The total value of recorded residential home sales in Pennsylvania decreased by 18.2% from $3.3 billion in January to $2.7 billion this February. 

• Out of all residential home sales in Pennsylvania, 2.75% of homes sold for at least $1 million in February, down from 2.8% in February 2024.

• Sales prices of single-family homes across Pennsylvania decreased by 3.3% from a median of $268,976 in January to $260,000 in February. Since February 2024, the sales price of single-family homes across the state was up 7.9% from $241,045. 

• Across the state, the sales price of condominiums and townhomes rose 2.1% from a median of $250,000 in January to $255,150 during February. The median sales price of condominiums and townhomes is up 6.6% from the median of $239,372 in February 2024. 

The median home sales price in this report reflects the middle value of all homes sold during the specified period. Unlike the average price-which is calculated by adding all sales prices and dividing by the number of homes sold-the median provides a clearer picture of the market. This is because the average can be distorted by unusually high or low sale prices, while the median remains unaffected by such extremes.