Is Macungie, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Macungie has remained a Seller's Market.
Key Takeaway
Macungie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Macungie, PA
How much do homes in Macungie, PA cost?
Median Sold Price
$396,833
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Macungie have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Macungie was $396,833 in April 2024, up 9.5% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $227K | $304.2K | +34.0% |
| 3 Bedrooms | $316.2K | $369K | +16.7% |
| 4 Bedrooms | $520K | $535K | +2.9% |
| 5+ Bedrooms | $592.5K | $620K | +4.6% |
Summary: Macungie housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Macungie | $362.5K | $396.8K | +9.5% |
| Upper Milford Township | $388.3K | $420.3K | +8.2% |
| Lower Macungie Township | $382.1K | $412K | +7.8% |
Housing Supply in Macungie, PA
How many homes are available in Macungie, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 66 | -12.0% |
Summary: The Macungie real estate market had 66 homes for sale in April 2024, a 12.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 26 | 19 | -26.9% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Macungie housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 26.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 13 | -56.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macungie, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Macungie in April 2024, down by 56.7% month-over-month. Of the 13 sold homes, 0% were sold under asking, 38% were sold at asking, and 62% were sold over asking.
Days on Market for Macungie, PA
How long does it take to sell a home in Macungie, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 10 Days | -59.2% |
Summary: Homes in Macungie had an average of 10 days on market in Apr 2024, down by 59.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macungie are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Macungie; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
