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 April 2023
At the same time last year, Upper Macungie Township was a Buyer'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
$471,993
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Upper Macungie Township have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Upper Macungie Township was $471,993 in April 2024, up 11.1% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $460K | +100.0% |
| 3 Bedrooms | $375K | $390K | +4.0% |
| 4 Bedrooms | $532.5K | $621.2K | +16.7% |
| 5+ Bedrooms | $725K | $693.1K | -4.4% |
Summary: Upper Macungie 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 increased by 100%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Orefield | $356K | $482.5K | +35.5% |
| Upper Macungie Township | $424.8K | $471.9K | +11.1% |
| Breinigsville | $439K | $459.9K | +4.8% |
Housing Supply in Upper Macungie Township, PA
How many homes are available in Upper Macungie Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 78 | 93 | +19.2% |
Summary: The Upper Macungie Township real estate market had 93 homes for sale in April 2024, a 19.2% 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 | 24 | 21 | -12.5% |
| 3 Bedrooms | 35 | 42 | +20.0% |
| 4 Bedrooms | 15 | 20 | +33.3% |
| 5+ Bedrooms | 4 | 10 | +150.0% |
Summary: The Upper 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 decreased by 12.5%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 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. 45% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Upper Macungie Township in April 2024, down by 13.0% month-over-month. Of the 20 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 27 Days | +183.3% |
Summary: Homes in Upper Macungie Township had an average of 27 days on market in Apr 2024, up by 183.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was 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 April 2024, 20 homes were sold in Upper Macungie Township; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
