Is Emmaus, 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, Emmaus has remained a Seller's Market.
Key Takeaway
Emmaus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Emmaus, PA
How much do homes in Emmaus, PA cost?
Median Sold Price
$358,700
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Emmaus have sold for 20% more than they did a year ago.
Summary: The median home sold price in Emmaus was $358,700 in March 2024, up 20% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $156K | -8.2% |
| 2 Bedrooms | $235K | $312K | +32.8% |
| 3 Bedrooms | $294K | $327.6K | +11.4% |
| 4 Bedrooms | $349.5K | $390K | +11.6% |
| 5+ Bedrooms | $332K | $709.5K | +113.7% |
Summary: Emmaus housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes increased by 32.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 113.7%.
Median Sold Price Compared To Nearby Cities
| Allentown | $214K | $270K | +26.1% |
| Emmaus | $299K | $358.7K | +20.0% |
| Salisbury Township | $299.5K | $334K | +11.5% |
| Lower Macungie Township | $380.8K | $415K | +9.0% |
| Upper Milford Township | $390.5K | $423K | +8.3% |
Housing Supply in Emmaus, PA
How many homes are available in Emmaus, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 60 | +1.7% |
Summary: The Emmaus real estate market had 60 homes for sale in March 2024, a 1.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 27 | 27 | 0.0% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Emmaus 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 increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Emmaus, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Emmaus in March 2024, down by 7.7% month-over-month. Of the 12 sold homes, 8% were sold under asking, 25% were sold at asking, and 67% were sold over asking.
Days on Market for Emmaus, PA
How long does it take to sell a home in Emmaus, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 8 Days | -68.2% |
Summary: Homes in Emmaus had an average of 8 days on market in Mar 2024, down by 68.2% compared to last year.
Breakdown of Home Sale Times
11 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 Emmaus are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Emmaus; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
