Is Muhlenberg Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Muhlenberg Township has remained a Seller's Market.
Key Takeaway
Muhlenberg Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Muhlenberg Township, PA cost?
Median Sold Price
$260,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Muhlenberg Township have sold for 13% more than they did a year ago.
Summary: The median home sold price in Muhlenberg Township was $260,000 in August 2023, up 13% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $197K | +6.5% |
| 3 Bedrooms | $221K | $255.5K | +15.6% |
| 4 Bedrooms | $262.4K | $285K | +8.6% |
| 5+ Bedrooms | $180K | $430K | +138.9% |
Summary: Muhlenberg Township housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 138.9%.
Median Sold Price Compared To Nearby Cities
| Muhlenberg Township | $230K | $260K | +13.0% |
| Bern Township | $290K | $327.4K | +12.9% |
| Laureldale | $188K | $197K | +4.8% |
| Temple | $225.5K | $236K | +4.7% |
Housing Supply
How many homes are available in Muhlenberg Township, PA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 79 | 70 | -11.4% |
Summary: The Muhlenberg Township real estate market had 70 homes for sale in August 2023, a 11.4% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 41 | 33 | -19.5% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Muhlenberg Township housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 19.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muhlenberg Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Muhlenberg Township in August 2023, down by 16.7% month-over-month. Of the 20 sold homes, 15% were sold under asking, 25% were sold at asking, and 60% were sold over asking.
Days on Market
How long does it take to sell a home in Muhlenberg Township, PA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 10 Days | 17 Days | +68.3% |
Summary: Homes in Muhlenberg Township had an average of 17 days on market in Aug 2023, up by 68.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Muhlenberg Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 20 homes were sold in Muhlenberg Township; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
