Is Bethlehem 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, Bethlehem Township has remained a Seller's Market.
Key Takeaway
Bethlehem Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bethlehem Township, PA
How much do homes in Bethlehem Township, PA cost?
Median Sold Price
$335,569
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bethlehem Township have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Bethlehem Township was $335,569 in May 2024, up 6.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192K | $200K | +4.2% |
| 2 Bedrooms | $238.5K | $257K | +7.8% |
| 3 Bedrooms | $296.7K | $314.5K | +6.0% |
| 4 Bedrooms | $415K | $473K | +14.0% |
| 5+ Bedrooms | $540K | $500K | -7.4% |
Summary: Bethlehem Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Freemansburg | $235K | $259.5K | +10.4% |
| Lower Nazareth Township | $425K | $455K | +7.1% |
| Bethlehem | $305K | $325.5K | +6.7% |
| Bethlehem Township | $314.8K | $335.5K | +6.6% |
| Hanover Township | $301.4K | $285K | -5.5% |
Housing Supply in Bethlehem Township, PA
How many homes are available in Bethlehem Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 295 | 293 | -0.7% |
Summary: The Bethlehem Township real estate market had 293 homes for sale in May 2024, a 0.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 43 | 35 | -18.6% |
| 3 Bedrooms | 130 | 131 | +0.8% |
| 4 Bedrooms | 87 | 92 | +5.7% |
| 5+ Bedrooms | 26 | 27 | +3.8% |
Summary: The Bethlehem Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 98 | 102 | +4.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bethlehem Township, you could pay more than the asking price. 60.8% of homes here sold above asking price last month.
Summary: A total of 102 homes were sold or pending in Bethlehem Township in May 2024, up by 4.1% month-over-month. Of the 102 sold homes, 21% were sold under asking, 19% were sold at asking, and 61% were sold over asking.
Days on Market for Bethlehem Township, PA
How long does it take to sell a home in Bethlehem Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 22 Days | +2.4% |
Summary: Homes in Bethlehem Township had an average of 22 days on market in May 2024, up by 2.4% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bethlehem Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 102 homes were sold in Bethlehem Township; 88% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
