Is Lower Saucon Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lower Saucon Township was a Seller's Market.
Key Takeaway
Lower Saucon Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower Saucon Township, PA
How much do homes in Lower Saucon Township, PA cost?
Median Sold Price
$438,250
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lower Saucon Township have sold for 12.3% less than they did a year ago.
Summary: The median home sold price in Lower Saucon Township was $438,250 in May 2024, down 12.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $277.6K | +11.1% |
| 3 Bedrooms | $381.5K | $356K | -6.7% |
| 4 Bedrooms | $595K | $704.5K | +18.4% |
| 5+ Bedrooms | $869K | $865K | -0.5% |
Summary: Lower Saucon 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 increased by 11.1%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Hellertown | $310K | $353K | +13.9% |
| Freemansburg | $235K | $259.5K | +10.4% |
| Bethlehem | $305K | $325.5K | +6.7% |
| Springfield Township | $430K | $452K | +5.1% |
| Lower Saucon Township | $500K | $438.2K | -12.3% |
Housing Supply in Lower Saucon Township, PA
How many homes are available in Lower Saucon Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 45 | +32.4% |
Summary: The Lower Saucon Township real estate market had 45 homes for sale in May 2024, a 32.4% 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 | 7 | 8 | +14.3% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 9 | 15 | +66.7% |
| 5+ Bedrooms | 5 | 12 | +140.0% |
Summary: The Lower Saucon 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 14.3%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 140%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Saucon Township, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Lower Saucon Township in May 2024, down by 45.5% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for Lower Saucon Township, PA
How long does it take to sell a home in Lower Saucon Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 5 Days | -80.4% |
Summary: Homes in Lower Saucon Township had an average of 5 days on market in May 2024, down by 80.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Saucon Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Lower Saucon Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
