Is Lehigh 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, Lehigh Township has remained a Seller's Market.
Housing Prices in Lehigh Township, PA
How much do homes in Lehigh Township, PA cost?
Median Sold Price
$348,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lehigh Township was $348,000 in May 2024, up 8.3% 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 | $179.9K | - | N/A |
2 Bedrooms | $235K | $230K | -2.1% |
3 Bedrooms | $305K | $310K | +1.6% |
4 Bedrooms | $383K | $385K | 0.5% |
5+ Bedrooms | $412K | $331.6K | -19.5% |
Summary: Lehigh 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 decreased by 2.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 19.5%.
Median Sold Price Compared To Nearby Cities
Walnutport | $290K | $325K | +12.1% |
Lehigh Township | $321.2K | $348K | +8.3% |
Housing Supply in Lehigh Township, PA
How many homes are available in Lehigh Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 26 | -10.3% |
Summary: The Lehigh Township real estate market had 26 homes for sale in May 2024, a 10.3% 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 | 3 | 1 | -66.7% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 15 | 12 | -20.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lehigh 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 decreased by 66.7%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lehigh Township in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Lehigh Township, PA
How long does it take to sell a home in Lehigh Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 15 Days | +130.3% |
Summary: Homes in Lehigh Township had an average of 15 days on market in May 2024, up by 130.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Lehigh Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.