Is Lower Nazareth Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lower Nazareth Township was a Neutral Market.
Housing Prices in Lower Nazareth Township, PA
How much do homes in Lower Nazareth Township, PA cost?
Median Sold Price
$455,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lower Nazareth Township was $455,000 in May 2024, up 7.1% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $321.2K | - | N/A |
3 Bedrooms | $387.4K | $420K | +8.4% |
4 Bedrooms | $532.5K | $560K | +5.2% |
5+ Bedrooms | $820K | $687.5K | -16.2% |
Summary: Lower Nazareth Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 16.2%.
Median Sold Price Compared To Nearby Cities
Lower Nazareth Township | $425K | $455K | +7.1% |
Bethlehem Township | $314.8K | $335.5K | +6.6% |
Palmer Township | $339.9K | $360K | +5.9% |
Nazareth | $395K | $408.7K | +3.5% |
Upper Nazareth Township | $450K | $352K | -21.8% |
Housing Supply in Lower Nazareth Township, PA
How many homes are available in Lower Nazareth Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Summary: The Lower Nazareth Township real estate market had 16 homes for sale in May 2024, a 6.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lower Nazareth Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lower Nazareth Township in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lower Nazareth Township, PA
How long does it take to sell a home in Lower Nazareth Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 5 Days | -88.8% |
Summary: Homes in Lower Nazareth Township had an average of 5 days on market in May 2024, down by 88.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Lower Nazareth Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.