Is Alburtis, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Alburtis has remained a Seller's Market.
Key Takeaway
Alburtis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alburtis, PA
How much do homes in Alburtis, PA cost?
Median Sold Price
$321,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Alburtis have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Alburtis was $321,000 in March 2024, up 1.9% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225.3K | $250K | +11.0% |
| 3 Bedrooms | $315K | $321K | +1.9% |
| 4 Bedrooms | $419.7K | $449K | +7.0% |
| 5+ Bedrooms | $315.4K | $525K | +66.4% |
Summary: Alburtis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 66.4%.
Median Sold Price Compared To Nearby Cities
| Longswamp Township | $205K | $322.4K | +57.3% |
| Alburtis | $275K | $330.5K | +20.2% |
| Alburtis | $315K | $321K | +1.9% |
Housing Supply in Alburtis, PA
How many homes are available in Alburtis, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Alburtis real estate market had 16 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Alburtis housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alburtis, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Alburtis in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Alburtis, PA
How long does it take to sell a home in Alburtis, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 25 Days | +316.7% |
Summary: Homes in Alburtis had an average of 25 days on market in Mar 2024, up by 316.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alburtis are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Alburtis; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
