Is Muhlenberg Township, 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, Muhlenberg Township has remained a Seller's Market.
Housing Prices in Muhlenberg Township, PA
How much do homes in Muhlenberg Township, PA cost?
Median Sold Price
$285,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Muhlenberg Township was $285,000 in April 2024, up 16.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $205K | +5.1% |
3 Bedrooms | $243.5K | $273K | +12.1% |
4 Bedrooms | $280K | $300K | +7.1% |
5+ Bedrooms | $230K | $360K | +56.5% |
Summary: Muhlenberg 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 increased by 5.1%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 56.5%.
Median Sold Price Compared To Nearby Cities
Bern Township | $295K | $360K | +22.0% |
Muhlenberg Township | $245K | $285K | +16.3% |
Laureldale | $190K | $215K | +13.2% |
Temple | $230K | $250K | +8.7% |
Ontelaunee Township | $333.3K | $359.9K | +8.0% |
Housing Supply in Muhlenberg Township, PA
How many homes are available in Muhlenberg Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 50 | -20.6% |
Summary: The Muhlenberg Township real estate market had 50 homes for sale in April 2024, a 20.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 34 | 23 | -32.4% |
4 Bedrooms | 22 | 21 | -4.5% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Muhlenberg Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 32.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 9 | -60.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Muhlenberg Township in April 2024, down by 60.9% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for Muhlenberg Township, PA
How long does it take to sell a home in Muhlenberg Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 10 Days | -31.8% |
Summary: Homes in Muhlenberg Township had an average of 10 days on market in Apr 2024, down by 31.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Muhlenberg Township; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.