Is Northampton, 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, Northampton was a Seller's Market.
Key Takeaway
Northampton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northampton, PA
How much do homes in Northampton, PA cost?
Median Sold Price
$307,475
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Northampton have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Northampton was $307,475 in May 2024, up 1.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | - | N/A |
| 2 Bedrooms | $193K | $240.9K | +24.8% |
| 3 Bedrooms | $281.4K | $303K | +7.6% |
| 4 Bedrooms | $432.5K | $340K | -21.4% |
| 5+ Bedrooms | $307.5K | $385K | +25.2% |
Summary: Northampton 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 24.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 25.2%.
Median Sold Price Compared To Nearby Cities
| North Catasauqua | $350K | $495K | +41.4% |
| Whitehall | $300K | $315K | +5.0% |
| Northampton | $302.8K | $307.4K | +1.5% |
Housing Supply in Northampton, PA
How many homes are available in Northampton, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 49 | -7.5% |
Summary: The Northampton real estate market had 49 homes for sale in May 2024, a 7.5% 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 | 24 | 28 | +16.7% |
| 4 Bedrooms | 20 | 15 | -25.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Northampton 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 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 6 | -71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northampton, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Northampton in May 2024, down by 71.4% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Northampton, PA
How long does it take to sell a home in Northampton, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 8 Days | -43.0% |
Summary: Homes in Northampton had an average of 8 days on market in May 2024, down by 43% 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 Northampton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Northampton; 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.
