Is Lower Nazareth 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 Nazareth Township has remained a Seller's Market.
Key Takeaway
Lower Nazareth Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Nazareth Township, PA
How much do homes in Lower Nazareth Township, PA cost?
Median Sold Price
$435,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lower Nazareth Township have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Lower Nazareth Township was $435,000 in March 2024, up 2.4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $262.5K | $380K | +44.8% |
| 3 Bedrooms | $390K | $420K | +7.7% |
| 4 Bedrooms | $465K | $547.5K | +17.8% |
| 5+ Bedrooms | $790K | $475K | -39.9% |
Summary: Lower Nazareth Township 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 44.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes decreased by 39.9%.
Median Sold Price Compared To Nearby Cities
| Nazareth | $293K | $397.9K | +35.8% |
| Palmer Township | $333K | $352.5K | +5.9% |
| Lower Nazareth Township | $424.9K | $435K | +2.4% |
| Bethlehem Township | $362.2K | $335.3K | -7.4% |
| Upper Nazareth Township | $445K | $365K | -18.0% |
Housing Supply in Lower Nazareth Township, PA
How many homes are available in Lower Nazareth Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The Lower Nazareth Township real estate market had 11 homes for sale in March 2024, a 37.5% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lower Nazareth 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Nazareth Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Lower Nazareth Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Lower Nazareth Township, PA
How long does it take to sell a home in Lower Nazareth Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 35 Days | +432.5% |
Summary: Homes in Lower Nazareth Township had an average of 35 days on market in Mar 2024, up by 432.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Nazareth Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Lower Nazareth Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
