Is Northampton, 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, Northampton has remained a Seller's Market.
Key Takeaway
Northampton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northampton, PA
How much do homes in Northampton, PA cost?
Median Sold Price
$304,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northampton have sold for 27.2% more than they did a year ago.
Summary: The median home sold price in Northampton was $304,000 in April 2024, up 27.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | - | N/A |
| 2 Bedrooms | $152.4K | $237K | +55.5% |
| 3 Bedrooms | $242K | $303K | +25.2% |
| 4 Bedrooms | $399.9K | $365K | -8.7% |
| 5+ Bedrooms | $315K | $511.5K | +62.4% |
Summary: Northampton 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 55.5%, 3 bedroom homes increased by 25.2%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 62.4%.
Median Sold Price Compared To Nearby Cities
| North Catasauqua | $255K | $470.3K | +84.4% |
| Northampton | $239K | $304K | +27.2% |
| Whitehall | $299.5K | $310K | +3.5% |
| Allen Township | $336K | $342.5K | +1.9% |
Housing Supply in Northampton, PA
How many homes are available in Northampton, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 51 | -7.3% |
Summary: The Northampton real estate market had 51 homes for sale in April 2024, a 7.3% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 29 | 24 | -17.2% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Northampton 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 remained the same, 3 bedroom homes decreased by 17.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northampton, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Northampton in April 2024, up by 50.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.
Days on Market for Northampton, PA
How long does it take to sell a home in Northampton, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 35 Days | +134.8% |
Summary: Homes in Northampton had an average of 35 days on market in Apr 2024, up by 134.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northampton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Northampton; 72% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
