Is Lower Macungie Township, 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, Lower Macungie Township has remained a Seller's Market.
Housing Prices in Lower Macungie Township, PA
How much do homes in Lower Macungie Township, PA cost?
Median Sold Price
$415,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lower Macungie Township was $415,000 in March 2024, up 9% 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 | $147K | $167.7K | +14.1% |
2 Bedrooms | $244.5K | $315K | +28.8% |
3 Bedrooms | $340K | $370K | +8.8% |
4 Bedrooms | $520K | $535K | +2.9% |
5+ Bedrooms | $610K | $630K | +3.3% |
Summary: Lower Macungie Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Macungie | $325K | $400K | +23.1% |
Lower Macungie Township | $380.8K | $415K | +9.0% |
Upper Milford Township | $390.5K | $423K | +8.3% |
Housing Supply in Lower Macungie Township, PA
How many homes are available in Lower Macungie Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 90 | 0.0% |
Summary: The Lower Macungie Township real estate market had 90 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 17 | +41.7% |
3 Bedrooms | 32 | 28 | -12.5% |
4 Bedrooms | 35 | 32 | -8.6% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Lower Macungie Township 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 41.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 29 | +11.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Lower Macungie Township in March 2024, up by 11.5% month-over-month. Of the 29 sold homes, 41% were sold under asking, 7% were sold at asking, and 52% were sold over asking.
Days on Market for Lower Macungie Township, PA
How long does it take to sell a home in Lower Macungie Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 13 Days | -13.0% |
Summary: Homes in Lower Macungie Township had an average of 13 days on market in Mar 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in Lower Macungie Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.