Is Emmaus, 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, Emmaus has remained a Seller's Market.
Key Takeaway
Emmaus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Emmaus, PA
How much do homes in Emmaus, PA cost?
Median Sold Price
$364,950
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Emmaus have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Emmaus was $364,950 in May 2024, up 4.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $210K | +23.5% |
| 2 Bedrooms | $384K | $312K | -18.8% |
| 3 Bedrooms | $320.2K | $357.4K | +11.6% |
| 4 Bedrooms | $390K | $405K | +3.8% |
| 5+ Bedrooms | $358.8K | $750K | +109.0% |
Summary: Emmaus housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.5%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 109%.
Median Sold Price Compared To Nearby Cities
| Allentown | $242.9K | $274.2K | +12.9% |
| Upper Milford Township | $384.5K | $432.5K | +12.5% |
| Salisbury Township | $312K | $327.9K | +5.1% |
| Emmaus | $350K | $364.9K | +4.3% |
| Lower Macungie Township | $390K | $398.3K | +2.1% |
Housing Supply in Emmaus, PA
How many homes are available in Emmaus, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 65 | 65 | 0.0% |
Summary: The Emmaus real estate market had 65 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Emmaus housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Emmaus, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Emmaus in May 2024, down by 11.1% month-over-month. Of the 16 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Emmaus, PA
How long does it take to sell a home in Emmaus, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 48 Days | +367.7% |
Summary: Homes in Emmaus had an average of 48 days on market in May 2024, up by 367.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Emmaus are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Emmaus; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
