Is Lower Macungie Township, 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, Lower Macungie Township has remained a Seller's Market.
Housing Prices in Lower Macungie Township, PA
How much do homes in Lower Macungie Township, PA cost?
Median Sold Price
$412,003
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lower Macungie Township was $412,003 in April 2024, up 7.8% 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 | $156.2K | $170K | +8.8% |
2 Bedrooms | $244.5K | $308.2K | +26.1% |
3 Bedrooms | $340K | $370K | +8.8% |
4 Bedrooms | $525K | $535K | +1.9% |
5+ Bedrooms | $602.5K | $642.5K | +6.6% |
Summary: Lower Macungie Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 26.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 6.6%.
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 Lower Macungie Township, PA
How many homes are available in Lower Macungie Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 | 90 | +3.4% |
Summary: The Lower Macungie Township real estate market had 90 homes for sale in April 2024, a 3.4% increase 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 | 14 | 14 | 0.0% |
3 Bedrooms | 29 | 33 | +13.8% |
4 Bedrooms | 33 | 36 | +9.1% |
5+ Bedrooms | 11 | 7 | -36.4% |
Summary: The Lower Macungie Township 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 increased by 13.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 36.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 21 | -34.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Lower Macungie Township in April 2024, down by 34.4% month-over-month. Of the 21 sold homes, 10% were sold under asking, 24% were sold at asking, and 67% were sold over asking.
Days on Market for Lower Macungie Township, PA
How long does it take to sell a home in Lower Macungie Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 9 Days | -58.9% |
Summary: Homes in Lower Macungie Township had an average of 9 days on market in Apr 2024, down by 58.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Lower Macungie Township; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.