Is Upper Macungie Township, 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, Upper Macungie Township has remained a Seller's Market.
Key Takeaway
Upper Macungie Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Macungie Township, PA
How much do homes in Upper Macungie Township, PA cost?
Median Sold Price
$471,490
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Upper Macungie Township have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Upper Macungie Township was $471,490 in May 2024, up 10.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235K | $459.9K | +95.7% |
| 3 Bedrooms | $383.5K | $390K | +1.7% |
| 4 Bedrooms | $550K | $604.9K | +10.0% |
| 5+ Bedrooms | $718.6K | $693.8K | -3.4% |
Summary: Upper Macungie 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 increased by 95.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Orefield | $390K | $482.5K | +23.7% |
| Upper Macungie Township | $425K | $471.4K | +10.9% |
| Breinigsville | $434K | $462.7K | +6.6% |
| Fogelsville | $620K | $635.2K | +2.5% |
Housing Supply in Upper Macungie Township, PA
How many homes are available in Upper Macungie Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 106 | 98 | -7.5% |
Summary: The Upper Macungie Township real estate market had 98 homes for sale in May 2024, a 7.5% decrease 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 | 26 | 27 | +3.8% |
| 3 Bedrooms | 46 | 35 | -23.9% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Upper Macungie 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 increased by 3.8%, 3 bedroom homes decreased by 23.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Macungie Township, you could pay more than the asking price. 54.8% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Upper Macungie Township in May 2024, up by 14.8% month-over-month. Of the 31 sold homes, 26% were sold under asking, 19% were sold at asking, and 55% were sold over asking.
Days on Market for Upper Macungie Township, PA
How long does it take to sell a home in Upper Macungie Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 9 Days | -63.7% |
Summary: Homes in Upper Macungie Township had an average of 9 days on market in May 2024, down by 63.7% compared to last year.
Breakdown of Home Sale Times
28 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 Upper Macungie Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 31 homes were sold in Upper Macungie Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
