Wilkes Barre, PA

Wilkes Barre, Pennsylvania is a city located in Luzerne County. The population was estimated to be around 27,000 people in 2016. Wilkes Barre is known for its manufacturing and textile industries. However, the city has seen a recent resurgence in real estate due to its proximity to Philadelphia and the availability of affordable housing.

The real estate market in Wilkes Barre is characterized by low vacancy rates and high demand from buyers. The average asking price for single-family homes was $130,000 in 2017, which is lower than the statewide average of $157,500 but higher than the median price of $102,500 across all counties in Pennsylvania. Additionally, Wilkes Barre has a strong economy with an unemployment rate of 3%. This combination has led to an increase in home sales over the past few years. In 2017 alone, there were 931 home sales within Wilkes Barre city limits.

One reason why Wilkes Barre's real estate market is so hot right now is because of its close proximity to Philadelphia. Many people are looking for affordable housing options that are not too far away from major cities. Additionally, many people are attracted to Wilkes Barre's strong economy and low unemployment rate.