LAKE WALLENPAUPACK AREA MARKET REPORT
Pike & Wayne County, Northeast Pennsylvania | Residential Properties
SEPTEMBER 2026
Key Statistics at a Glance
Source: Pike Wayne Association of Realtors MLS | Lake Wallenpaupack polygon residential properties
151
Homes Sold YTD
↓ 17.0% vs '25
$396,973
Median Sale Price YTD
↑ 10.3% vs '25
66 days
Avg. Days on Market
↓ 17.5% vs '25
6.12 mo.
Months of Supply
↑ from 4.91
126
Active Listings
↑ 5.9% vs Aug '25
42
Pending Sales (Aug)
↑ 61.5% vs Aug '25
94%
Sale-to-List Ratio
of original list price
$399,000
Active Median List
↑ 5.3% vs Aug '25
Most Active Price Band
$500K+ leads the market this year, with 52 sold and 60 pending YTD.
Price Range Sold YTD
Low $30,000s up through several sales above $2 million.
Market Snapshot
Fewer sales, but more room for buyers than earlier this year.
Since the beginning of summer, the Lake Wallenpaupack market has moved in one consistent direction: toward more balance and, more recently, toward buyer-favorable conditions. Months of supply sat in seller's market territory through spring, climbed through June and July, and reached 6.12 months in August, the first clear buyer's market reading of the year. Compared to July, August's number appears to have eased back slightly from its summer peak, but it remains well above the tight conditions seen earlier in 2026. That's not a one-month blip. It's the continuation of a trend that's been building steadily since May.
Pricing tells a related but distinct story. The YTD median sale price is up over 10% from last year, a strong number on its face. But August's own median came in below August 2025's, and it also appears softer than July's reading on the chart. In a market with this much month-to-month swing in a lower-volume category like ours, a single month's number moves easily when a handful of higher- or lower-priced homes close. The YTD figure is the more reliable read of where values actually stand.
What This Means for Sellers
The market has shifted since spring, and that shift matters most in how you price. Earlier this year, an aggressive list price could still find a buyer quickly because inventory was so tight. That cushion has thinned. With supply now above 6 months, pricing accurately from day one is what separates a home that sells in weeks from one that sits and eventually needs a reduction. The good news: well-prepared, correctly priced homes are still closing faster than they were a year ago, and the $500K and up segment continues to see strong buyer engagement.
What This Means for Buyers
This is the most leverage buyers have had at Lake Wallenpaupack in 2026. Six-plus months of supply means more selection and more room to negotiate than buyers saw in the spring's tighter market. August's sharp jump in pending sales suggests other buyers have already noticed and are acting. If you've been waiting for less competition and more breathing room in a negotiation, the current conditions are closer to that than anything earlier this year offered.
FOR SELLERS
• Sellers are selling for about 6% under original list price on average.
• Months of supply has grown since early summer, so pricing accurately from the start matters more.
• The $500K+ segment is where the most transaction volume is happening this year.
• Days on market YTD has improved significantly.
• Months of supply has grown since early summer, so pricing accurately from the start matters more.
• The $500K+ segment is where the most transaction volume is happening this year.
• Days on market YTD has improved significantly.
FOR BUYERS
• With 6.12 months of supply, conditions have eased in buyers' favor.
• Pending sales jumped sharply in August compared to last year.
• The $500K+ range has the deepest pool of listings and buyer activity.
• Inventory has grown modestly year over year, giving buyers more options.
• Pending sales jumped sharply in August compared to last year.
• The $500K+ range has the deepest pool of listings and buyer activity.
• Inventory has grown modestly year over year, giving buyers more options.
Numbers Explained
Why is the average sale price ($594,038) so much higher than the median ($347,500) this month?
A handful of higher-end and lakefront sales closed alongside more modestly priced homes in August, and those larger sales pull the average up. The median is the cleaner read of where a typical sale landed this month, since one high-dollar closing can move an average significantly when volume is limited.
Price Band Activity — YTD Sold vs. Pending
Under $250K
23 sold / 34 pend.
$250K – $299K
18 sold / 23 pend.
$300K – $399K
36 sold / 40 pend.
$400K – $499K
22 sold / 25 pend.
★ $500K+
52 sold / 60 pend.
★ The $500K+ band leads the market this year in both closed and pending volume, a likely sign that lakefront and higher-end lifestyle buyers continue to be a driving force in this area.
Market Balance Indicator
Seller's Market
under 4 mo.
Balanced
4 to 6 mo.
Buyer's Market — Now: 6.12 mo.
6+ mo.
August's months of supply came in at 6.12, just into buyer's market territory. The trend has been climbing steadily since early summer, a shift from the tighter, seller-favoring conditions seen earlier in the year.
Anne's Perspective
The Lake Wallenpaupack market has loosened up since early summer, and that is worth paying attention to whether you are buying or selling. Inventory has grown, pending sales picked up notably in August, and the negotiating room that comes with 6 months of supply is real. This does not mean the market has turned soft. It means it has become more balanced, and balanced markets tend to reward preparation on both sides.
For sellers, the opportunity here is pricing with intention. Homes priced to match where buyers are transacting, particularly in the $500K+ segment where the deepest activity is happening, continue to move. For buyers, this is a window where lifestyle purchases, especially lakefront and premium properties, are drawing real interest without the frantic pace of a tighter market. Buyers coming from New York, New Jersey, and the Philadelphia corridor are still making decisions based on lifestyle and timing more than headlines, and that has not changed.
New York Metro
Primary feeder market
New Jersey
Primary feeder market
Philadelphia
Primary feeder market
Your Move. My Mission. From first call to final key — guided every step of the way.
Anne McCausland, Realtor
Keller Williams Real Estate – Hawley
Office: 570-226-0500 (Ask for Anne!) | Direct: 215-272-1348
yourmovemymissionpa.com
Data sourced from the Pike Wayne Association of Realtors MLS. Reflects Lake Wallenpaupack polygon residential properties only. This report is for informational purposes and does not constitute an appraisal or legal advice.