Is Bethlehem, 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, Bethlehem has remained a Seller's Market.
Key Takeaway
Bethlehem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bethlehem, PA
How much do homes in Bethlehem, PA cost?
Median Sold Price
$325,636
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bethlehem have sold for 25.2% more than they did a year ago.
Summary: The median home sold price in Bethlehem was $325,636 in March 2024, up 25.2% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175.5K | $199.9K | +13.9% |
| 2 Bedrooms | $223K | $248.4K | +11.4% |
| 3 Bedrooms | $260K | $305K | +17.3% |
| 4 Bedrooms | $290K | $461.6K | +59.2% |
| 5+ Bedrooms | $462.5K | $475K | +2.7% |
Summary: Bethlehem housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 59.2%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Bethlehem | $260K | $325.6K | +25.2% |
| Fountain Hill | $235.1K | $231K | -1.8% |
| Lower Saucon Township | $483K | $465K | -3.7% |
| Hanover Township | $345K | $283.4K | -17.8% |
Housing Supply in Bethlehem, PA
How many homes are available in Bethlehem, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 262 | 266 | +1.5% |
Summary: The Bethlehem real estate market had 266 homes for sale in March 2024, a 1.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 30 | 31 | +3.3% |
| 3 Bedrooms | 122 | 122 | 0.0% |
| 4 Bedrooms | 72 | 67 | -6.9% |
| 5+ Bedrooms | 32 | 38 | +18.8% |
Summary: The Bethlehem housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 94 | +74.1% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bethlehem, you could pay more than the asking price. 47.9% of homes here sold above asking price last month.
Summary: A total of 94 homes were sold or pending in Bethlehem in March 2024, up by 74.1% month-over-month. Of the 94 sold homes, 34% were sold under asking, 18% were sold at asking, and 48% were sold over asking.
Days on Market for Bethlehem, PA
How long does it take to sell a home in Bethlehem, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 25 Days | +26.4% |
Summary: Homes in Bethlehem had an average of 25 days on market in Mar 2024, up by 26.4% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bethlehem are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 94 homes were sold in Bethlehem; 77% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.