Is Lower 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, Lower Macungie Township has remained a Seller's Market.
Key Takeaway
Lower Macungie Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Macungie Township, PA
How much do homes in Lower Macungie Township, PA cost?
Median Sold Price
$398,333
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lower Macungie Township have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Lower Macungie Township was $398,333 in May 2024, up 2.1% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156.2K | $170K | +8.8% |
| 2 Bedrooms | $251.2K | $303.7K | +20.9% |
| 3 Bedrooms | $340K | $362.4K | +6.6% |
| 4 Bedrooms | $522.5K | $535K | +2.4% |
| 5+ Bedrooms | $595K | $665K | +11.8% |
Summary: Lower Macungie Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Cities
| Upper Milford Township | $384.5K | $432.5K | +12.5% |
| Macungie | $382.5K | $391K | +2.2% |
| Lower Macungie Township | $390K | $398.3K | +2.1% |
Housing Supply in Lower Macungie Township, PA
How many homes are available in Lower Macungie Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 100 | 105 | +5.0% |
Summary: The Lower Macungie Township real estate market had 105 homes for sale in May 2024, a 5.0% increase 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 | 19 | 20 | +5.3% |
| 3 Bedrooms | 36 | 44 | +22.2% |
| 4 Bedrooms | 39 | 32 | -17.9% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Lower 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 5.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 35 | +59.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Macungie Township, you could pay more than the asking price. 54.3% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Lower Macungie Township in May 2024, up by 59.1% month-over-month. Of the 35 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% were sold over asking.
Days on Market for Lower Macungie Township, PA
How long does it take to sell a home in Lower Macungie Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 11 Days | +16.7% |
Summary: Homes in Lower Macungie Township had an average of 11 days on market in May 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Macungie Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 35 homes were sold in Lower Macungie Township; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
