Is Muhlenberg 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, 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 in Muhlenberg Township, PA
How much do homes in Muhlenberg Township, PA cost?
Median Sold Price
$280,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Muhlenberg Township have sold for 21.7% more than they did a year ago.
Summary: The median home sold price in Muhlenberg Township was $280,000 in March 2024, up 21.7% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $197K | $202.4K | +2.8% |
| 3 Bedrooms | $227K | $270K | +18.9% |
| 4 Bedrooms | $265K | $322.5K | +21.7% |
| 5+ Bedrooms | $217.5K | $360K | +65.5% |
Summary: Muhlenberg 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 2.8%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 65.5%.
Median Sold Price Compared To Nearby Cities
| Muhlenberg Township | $230K | $280K | +21.7% |
| Bern Township | $300K | $360K | +20.0% |
| Laureldale | $188K | $215K | +14.4% |
| Temple | $229.9K | $245K | +6.6% |
| Ontelaunee Township | $341.1K | $358.9K | +5.2% |
Housing Supply in Muhlenberg Township, PA
How many homes are available in Muhlenberg Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 81 | +24.6% |
Summary: The Muhlenberg Township real estate market had 81 homes for sale in March 2024, a 24.6% 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 26 | 40 | +53.8% |
| 4 Bedrooms | 28 | 31 | +10.7% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Muhlenberg 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 decreased by 66.7%, 3 bedroom homes increased by 53.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muhlenberg Township, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Muhlenberg Township in March 2024, up by 63.6% month-over-month. Of the 18 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Muhlenberg Township, PA
How long does it take to sell a home in Muhlenberg Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 13 Days | -25.7% |
Summary: Homes in Muhlenberg Township had an average of 13 days on market in Mar 2024, down by 25.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Muhlenberg Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in Muhlenberg Township; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
