Sayre, PA Housing Market

Market Overview

Sayre, PA posts a PropertyIQ Score of 97/100, a strong reading driven by 12-month home value momentum of 10.11%, 3-month momentum of 2.24%, a median days-on-market of 56 days, and a 7.1% share of listings with price cuts. Compared with Pennsylvania averages, Sayre’s median home value is $209,394 versus $290,552, and its rent index is $1,046 versus $1,162. Median household income is $62,482 compared with $76,081 statewide, while unemployment matches the state at 4.1%.

This positions Sayre as a strong local market with a more affordable price point than the state average. The lower median home value and rent index do not reflect a weak market; instead, they sit alongside steady sales conditions. The year-over-year median home value change is effectively flat at -$14, which tempers the strong momentum signals and suggests stability rather than overheating. With 74 homes for sale and only 7.1% of listings cutting prices, seller conditions appear solid.

Key Trends

First, home value momentum is positive. The 12-month rise of 10.11% and 3-month rise of 2.24% are top score drivers. Although the median home value’s year-over-year dollar change is -$14, that is negligible, and the percentage momentum readings indicate recent pricing strength.

Second, inventory and seller conditions point to steady demand. Median days on market is 56 days, and just 7.1% of listings have a price cut. With 74 homes for sale, inventory is modest, and the low share of price reductions suggests sellers are not under heavy pressure to discount.

Third, affordability stands out relative to Pennsylvania. Sayre’s median home value is about $81,000 below the state average, while median household income is about $13,600 below the state average. The local price-to-income ratio is roughly 3.35 versus 3.82 statewide, meaning homes are more affordable relative to local incomes.

Finally, the rental profile may support investor interest. Sayre’s rent index of $1,046 is $116 below the state average, but because home values are lower, the implied gross yield is higher. Annualized rent of about $12,552 against a $209,394 median home value is roughly 6.0%, compared with roughly 4.8% at the state level.

Who Is This Market For

Sayre is best suited for first-time buyers and budget-conscious households. The median home value of $209,394 is well below the Pennsylvania average, and the local price-to-income ratio is lower than the state’s, which may make buying more attainable for households earning near the median income of $62,482. With median days on market at 56 and a 7.1% price-cut share, buyers should be ready to move, but the environment is not extremely overheated.

Income-focused investors and small landlords may also find the market appealing. The rent index of $1,046 produces a gross yield near 6.0% against local home values, above the state-level implied yield. The unemployment rate matches the state at 4.1%, and the low price-cut share suggests stable seller confidence. Move-up buyers may find options, though the modest 74-home inventory could limit choices.

Outlook

The data points to continued stability with possible upward price pressure. The 12-month momentum of 10.11% and 3-month momentum of 2.24% are positive, and the 7.1% price-cut share indicates limited seller discounting. A median days-on-market of 56 days and 74 homes for sale suggest steady but not frantic turnover. The year-over-year median home value change of -$14, however, keeps expectations grounded: this is not a market showing sharp dollar-price growth. Population growth is not available, so population-driven demand cannot be measured. With unemployment equal to the state at 4.1% and median household income below the state average, affordability may continue to attract buyers, but future pricing power will likely depend on local income trends.