Is Upper 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, Upper Macungie Township has remained a Seller's Market.
Housing Prices in Upper Macungie Township, PA
How much do homes in Upper Macungie Township, PA cost?
Median Sold Price
$471,490
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Upper Macungie Township was $471,490 in May 2024, up 10.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235K | $459.9K | +95.7% |
3 Bedrooms | $383.5K | $390K | +1.7% |
4 Bedrooms | $550K | $604.9K | +10.0% |
5+ Bedrooms | $718.6K | $693.8K | -3.4% |
Summary: Upper Macungie 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 95.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
Orefield | $390K | $482.5K | +23.7% |
Upper Macungie Township | $425K | $471.4K | +10.9% |
Breinigsville | $434K | $462.7K | +6.6% |
Fogelsville | $620K | $635.2K | +2.5% |
Housing Supply in Upper Macungie Township, PA
How many homes are available in Upper Macungie Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
106 | 98 | -7.5% |
Summary: The Upper Macungie Township real estate market had 98 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 | 26 | 27 | +3.8% |
3 Bedrooms | 46 | 35 | -23.9% |
4 Bedrooms | 25 | 27 | +8.0% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Upper 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 3.8%, 3 bedroom homes decreased by 23.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 31 | +14.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Upper Macungie Township in May 2024, up by 14.8% month-over-month. Of the 31 sold homes, 26% were sold under asking, 19% were sold at asking, and 55% were sold over asking.
Days on Market for Upper Macungie Township, PA
How long does it take to sell a home in Upper Macungie Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 9 Days | -63.7% |
Summary: Homes in Upper Macungie Township had an average of 9 days on market in May 2024, down by 63.7% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Upper Macungie Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.