Is Nazareth, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Nazareth has remained a Seller's Market.
Housing Prices in Nazareth, PA
How much do homes in Nazareth, PA cost?
Median Sold Price
$405,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Nazareth was $405,000 in April 2024, up 33.7% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $104.1K | N/A |
2 Bedrooms | $210.5K | $256K | +21.6% |
3 Bedrooms | $262K | $354.7K | +35.4% |
4 Bedrooms | $383.2K | $509.6K | +33.0% |
5+ Bedrooms | $575K | $465K | -19.1% |
Summary: Nazareth housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 35.4%, 4 bedroom homes increased by 33%, and 5+ bedroom homes decreased by 19.1%.
Median Sold Price Compared To Nearby Cities
Nazareth | $303K | $405K | +33.7% |
Lower Nazareth Township | $430K | $435K | +1.2% |
Upper Nazareth Township | $449.5K | $364.5K | -18.9% |
Housing Supply in Nazareth, PA
How many homes are available in Nazareth, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 60 | +46.3% |
Summary: The Nazareth real estate market had 60 homes for sale in April 2024, a 46.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 17 | 24 | +41.2% |
4 Bedrooms | 16 | 23 | +43.8% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Nazareth housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 41.2%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Nazareth in April 2024, up by 22.2% month-over-month. Of the 11 sold homes, 0% were sold under asking, 18% were sold at asking, and 82% were sold over asking.
Days on Market for Nazareth, PA
How long does it take to sell a home in Nazareth, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 8 Days | -39.6% |
Summary: Homes in Nazareth had an average of 8 days on market in Apr 2024, down by 39.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Nazareth; 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.