Is Upper Nazareth Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Upper Nazareth Township was a Seller's Market.
Key Takeaway
Upper Nazareth Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper Nazareth Township, PA
How much do homes in Upper Nazareth Township, PA cost?
Median Sold Price
$364,500
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Upper Nazareth Township have sold for 18.9% less than they did a year ago.
Summary: The median home sold price in Upper Nazareth Township was $364,500 in April 2024, down 18.9% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $274.9K | $256K | -6.9% |
| 3 Bedrooms | $325K | $350K | +7.7% |
| 4 Bedrooms | $510K | $543.5K | +6.6% |
| 5+ Bedrooms | $572.5K | $530K | -7.4% |
Summary: Upper Nazareth Township 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 decreased by 6.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Nazareth | $303K | $405K | +33.7% |
| Lower Nazareth Township | $430K | $435K | +1.2% |
| Bushkill Township | $416K | $382.5K | -8.1% |
| Upper Nazareth Township | $449.5K | $364.5K | -18.9% |
Housing Supply in Upper Nazareth Township, PA
How many homes are available in Upper Nazareth Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The Upper Nazareth Township real estate market had 9 homes for sale in April 2024, a 28.6% 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 | 0 | -100.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 3 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Upper Nazareth Township 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 decreased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Nazareth Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Upper Nazareth Township in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Upper Nazareth Township, PA
How long does it take to sell a home in Upper Nazareth Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 5 Days | -69.1% |
Summary: Homes in Upper Nazareth Township had an average of 5 days on market in Apr 2024, down by 69.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Nazareth Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Upper Nazareth 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.
