Clarks Summit, located in northeast Pennsylvania just 10 miles north of Scranton, is a picturesque little town that balances small-town charm and modern conveniences. It has long been favored among people seeking a peaceful environment without sacrificing access to urban amenities.
With a population of just under 6,000 people, Clarks Summit is undoubtedly small. Despite its small size, the town proudly hosts various events and traditions each year that bring residents together, such as the annual Festival of Ice or the Summit Harvest Festival.
It’s located near major highways, including I-81 and the Pennsylvania Turnpike, so commuting to larger cities like Scranton or Wilkes-Barre is easy. You won’t have to travel far to enjoy the big-city amenities of Scranton or Wilkes-Barre, but you’ll still get to enjoy the small-town serenity of Clarks Summit.
Expert Clarks Summit Realtor Services
When shopping for a home or listing your current residence on the market, having help from an experienced realtor is essential. That’s where Thomas Hudak’s services come in handy.
With over 20 years of experience in Pennsylvania’s real estate markets, Thomas Hudak has the local knowledge and expertise necessary to help you successfully buy or sell your home. He’s committed to going above and beyond for his clients, taking the time to listen to your needs, wants, and concerns to ensure the process goes smoothly.
Whether you’re a first-time homebuyer or an experienced investor looking to add to your real estate portfolio, Thomas can help you through the process. Between his extensive experience in the Clarks Summit area and his in-depth understanding of the latest market trends, he will help you navigate your purchase or sale with confidence.
Clarks Summit Real Estate Market Overview
The Clarks Summit real estate market, like that of surrounding areas, offers a diverse range of properties to suit various tastes and budgets, including historic homes, new construction, and townhomes.
If you’re looking to purchase a single-family home, you’ll find plenty of options in and around Clarks Summit. Some properties are newer, featuring modern amenities and sleek designs, while others were built in the mid to late 1900s, boasting a blend of old-world charm and modern updates.
Clarks Summit has seen a rise in new developments in the past few years, so if you prefer modern features, you may have multiple options. These homes often have modern, energy-efficient features, open-concept floor plans, high-end finishes, and amenities like smart home technology.
Pricing for these homes varies dramatically based on the specifics of the property and location. The average median home in Clark Summit is currently about $320,000, although the more modern, new-construction homes cost substantially more.
In the future, we may see more housing developments and commercial projects in the area. Areas on the outskirts of Clarks Summit are seeing increased interest from developers, particularly for creating modern communities of single-family homes. This growth will likely drive demand and increase property values, making it an excellent time for both buyers and sellers to enter the market.
Clarks Summit Home Buying Questions
What Are Closing Costs, and How Much Should I Expect to Pay?
Closing costs are the fees that a buyer pays when they close on a home or refinance their mortgage. These fees cover various expenses, including government taxes, title insurance, appraisal fees, and escrow funds. For most home buyers, the closing costs are about 3-6 percent of the total loan amount.
How Long Does the Home-Buying Process Typically Take?
The timeline to completing the home-buying process can vary dramatically based on multiple factors, including the current market, type of home, and loan type. Generally, it takes anywhere from a few weeks to a few months, but it all depends on the specifics of the situation. In some cases, like those involving potential issues with the title or deed, it can take up to a year to complete the process.
What is Earnest Money, and Is It Refundable?
Earnest money is the deposit a buyer pays to a seller to demonstrate that they’re serious about purchasing the home. Often known as a good faith deposit, it usually accounts for 1-10% of the sales price. If the sale falls through for reasons other than the buyer’s actions, such as a broken contractual agreement or a missed deadline, the earnest money is generally refundable.
Get in Touch With Our Clarks Summit Realtor Today
If you’re ready to begin the hunt for your dream home or start the process of selling your current residence, Thomas Hudak is here to help. He’s dedicated to making the home-buying and -selling experience as seamless and stress-free as possible. Call Thomas today at (570) 814-2888 or complete the online contact form to start your real estate journey today.