Is Upper Milford Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Upper Milford Township was a Seller's Market.
Key Takeaway
Upper Milford Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper Milford Township, PA
How much do homes in Upper Milford Township, PA cost?
Median Sold Price
$420,312
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Upper Milford Township have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Upper Milford Township was $420,312 in April 2024, up 8.2% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $455.8K | $387.5K | -15.0% |
| 3 Bedrooms | $364.2K | $402.4K | +10.5% |
| 4 Bedrooms | $503.7K | $597.5K | +18.6% |
| 5+ Bedrooms | $312K | $657.7K | +110.8% |
Summary: Upper Milford Township 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 decreased by 15%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 110.8%.
Median Sold Price Compared To Nearby Cities
| Emmaus | $310K | $357.5K | +15.3% |
| Macungie | $362.5K | $396.8K | +9.5% |
| Upper Milford Township | $388.3K | $420.3K | +8.2% |
| Lower Macungie Township | $382.1K | $412K | +7.8% |
| Zionsville | $500K | $470K | -6.0% |
Housing Supply in Upper Milford Township, PA
How many homes are available in Upper Milford Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 37 | +27.6% |
Summary: The Upper Milford Township real estate market had 37 homes for sale in April 2024, a 27.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 15 | 23 | +53.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Upper Milford Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Milford Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Upper Milford Township in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Upper Milford Township, PA
How long does it take to sell a home in Upper Milford Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 23 Days | -39.5% |
Summary: Homes in Upper Milford Township had an average of 23 days on market in Apr 2024, down by 39.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Milford Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Upper Milford Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
