Is Emmaus, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Emmaus is a seller's market

Buyer's
Market

Difference Since September 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

$398,975

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$48,975(+14.0%)

Key Takeaway

Homes in Emmaus have sold for 14% more than they did a year ago.

Summary: The median home sold price in Emmaus was $398,975 in September 2024, up 14% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$210K
N/A
2 $312K$328.5K
+5.3%
3 $340K$361.7K
+6.4%
4 $370K$525K
+41.9%
5+ $409.4K$575K
+40.4%

Summary: Emmaus housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 41.9%, and 5+ bedroom homes increased by 40.4%.

Median Sold Price Compared To Nearby Cities

Emmaus
+14.0%
Allentown
+14.0%
Upper Milford Township
+13.6%
Salisbury Township
+6.0%
Lower Macungie Township
0.0%

Housing Supply in Emmaus, PA

How many homes are available in Emmaus, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7784+9.1%

Summary: The Emmaus real estate market had 84 homes for sale in September 2024, a 9.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1211
-8.3%
3 3439
+14.7%
4 2630
+15.4%
5+ 54
-20.0%

Summary: The Emmaus housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2218-18.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Emmaus, you could pay more than the asking price. 72.2% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Emmaus in September 2024, down by 18.2% month-over-month. Of the 18 sold homes, 11% were sold under asking, 17% were sold at asking, and 72% 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

Sep 2023Sep 2024CHANGE
18 Days27 Days+47.2%

Summary: Homes in Emmaus had an average of 27 days on market in Sep 2024, up by 47.2% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Emmaus are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 18 homes were sold in Emmaus; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Emmaus, PA

Nearby Markets to Emmaus, PA

What housing markets are near Emmaus, PA?