Is Macungie, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$391,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Macungie have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Macungie was $391,000 in May 2024, up 2.2% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143.5K | - | N/A |
| 2 Bedrooms | $257.5K | $302K | +17.3% |
| 3 Bedrooms | $349.9K | $370K | +5.7% |
| 4 Bedrooms | $550K | $527.4K | -4.1% |
| 5+ Bedrooms | $575K | $620K | +7.8% |
Summary: Macungie 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 increased by 17.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
| Upper Milford Township | $384.5K | $432.5K | +12.5% |
| Macungie | $382.5K | $391K | +2.2% |
| Lower Macungie Township | $390K | $398.3K | +2.1% |
Housing Supply in Macungie, PA
How many homes are available in Macungie, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 82 | +10.8% |
Summary: The Macungie real estate market had 82 homes for sale in May 2024, a 10.8% 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 | 18 | 18 | 0.0% |
| 3 Bedrooms | 22 | 35 | +59.1% |
| 4 Bedrooms | 28 | 22 | -21.4% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Macungie 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 increased by 59.1%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 24 | +71.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macungie, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Macungie in May 2024, up by 71.4% month-over-month. Of the 24 sold homes, 13% were sold under asking, 21% were sold at asking, and 67% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 11 Days | +18.4% |
Summary: Homes in Macungie had an average of 11 days on market in May 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were 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 May 2024, 24 homes were sold in Macungie; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
