Is Riegelsville, 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, Riegelsville has remained a Neutral Market.
Key Takeaway
Riegelsville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Riegelsville, PA
How much do homes in Riegelsville, PA cost?
Median Sold Price
$511,250
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Riegelsville have sold for 21.4% more than they did a year ago.
Summary: The median home sold price in Riegelsville was $511,250 in May 2024, up 21.4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $259.9K | N/A |
| 2 Bedrooms | $300K | $262.4K | -12.5% |
| 3 Bedrooms | $359K | $359K | 0.0% |
| 4 Bedrooms | $664K | $645K | -2.9% |
| 5+ Bedrooms | $880K | $840K | -4.5% |
Summary: Riegelsville 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 12.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Riegelsville | $421K | $511.2K | +21.4% |
| Holland Township | $395K | $455K | +15.2% |
| Williams Township | $379.9K | $429.9K | +13.2% |
| Pohatcong Township | $317.5K | $330K | +3.9% |
| Durham Township | $748.2K | $625.2K | -16.4% |
Housing Supply in Riegelsville, PA
How many homes are available in Riegelsville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Summary: The Riegelsville real estate market had 14 homes for sale in May 2024, a 40.0% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 0 | 3 | +100.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Riegelsville 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Riegelsville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Riegelsville in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Riegelsville, PA
How long does it take to sell a home in Riegelsville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 25 Days | -48.0% |
Summary: Homes in Riegelsville had an average of 25 days on market in May 2024, down by 48% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riegelsville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Riegelsville; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
