Is Macungie, 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, Macungie has remained a Seller's Market.
Key Takeaway
Macungie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Macungie, PA
How much do homes in Macungie, PA cost?
Median Sold Price
$400,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Macungie have sold for 23.1% more than they did a year ago.
Summary: The median home sold price in Macungie was $400,000 in March 2024, up 23.1% 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 | - | - | N/A |
| 2 Bedrooms | $209.5K | $306.5K | +46.3% |
| 3 Bedrooms | $305K | $365K | +19.7% |
| 4 Bedrooms | $500.5K | $535K | +6.9% |
| 5+ Bedrooms | $480K | $620K | +29.2% |
Summary: Macungie 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 46.3%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 29.2%.
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 Macungie, PA
How many homes are available in Macungie, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 82 | 85 | +3.7% |
Summary: The Macungie real estate market had 85 homes for sale in March 2024, a 3.7% 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 | 14 | 18 | +28.6% |
| 3 Bedrooms | 29 | 30 | +3.4% |
| 4 Bedrooms | 30 | 27 | -10.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Macungie 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 28.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macungie, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Macungie in March 2024, up by 27.3% month-over-month. Of the 28 sold homes, 43% were sold under asking, 7% were sold at asking, and 50% were sold over asking.
Days on Market for Macungie, PA
How long does it take to sell a home in Macungie, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 15 Days | -3.6% |
Summary: Homes in Macungie had an average of 15 days on market in Mar 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macungie are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in Macungie; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
