Metropolitan Statistical Area (MSA):
Sunbury, PA is a Metropolitan Statistical Area (MSA) comprising counties including .
There are a few different real estate trends happening in the Sunbury, PA metropolitan statistical area (MSA) right now.
First, the average home price in the MSA has been steadily increasing over the past few years. In 2016, the average home price was $183,000. In 2017, it increased to $193,000. And as of 2018, the average home price is $203,000. This trend is expected to continue into 2019 and beyond.
Second, there has been an increase in new construction homes being built in the MSA. This is due to a combination of factors, including population growth and an increase in demand for housing. In 2016, there were 1,200 new construction homes built in the MSA. In 2017, that number increased to 1,500. And as of 2018, there have been 2,000 new construction homes built in the MSA. This trend is also expected to continue into 2019 and beyond.
Third, there has been an increase in the number of people moving into the MSA from other parts of Pennsylvania and from out-of-state. This is likely due to job growth in the area (especially in manufacturing and healthcare) and because Sunbury offers a lower cost of living than many other parts of Pennsylvania. In 2016, 5% of people who moved into the MSA were from out-of-state. In 2017 that number increased to 7%. And as of 2018 it stands at 9%. This trend is also expected to continue into 2019 and beyond