Is Nazareth, 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, Nazareth has remained a Seller's Market.
Key Takeaway
Nazareth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nazareth, PA
How much do homes in Nazareth, PA cost?
Median Sold Price
$397,950
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Nazareth have sold for 35.8% more than they did a year ago.
Summary: The median home sold price in Nazareth was $397,950 in March 2024, up 35.8% 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 | - | $104.1K | N/A |
| 2 Bedrooms | $225K | $256K | +13.8% |
| 3 Bedrooms | $261K | $350K | +34.1% |
| 4 Bedrooms | $374.9K | $504.3K | +34.5% |
| 5+ Bedrooms | $470K | $465K | -1.1% |
Summary: Nazareth 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 13.8%, 3 bedroom homes increased by 34.1%, 4 bedroom homes increased by 34.5%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Nazareth | $293K | $397.9K | +35.8% |
| Lower Nazareth Township | $424.9K | $435K | +2.4% |
| Upper Nazareth Township | $445K | $365K | -18.0% |
Housing Supply in Nazareth, PA
How many homes are available in Nazareth, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 41 | +13.9% |
Summary: The Nazareth real estate market had 41 homes for sale in March 2024, a 13.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Nazareth housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nazareth, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Nazareth in March 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Nazareth, PA
How long does it take to sell a home in Nazareth, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 30 Days | +31.4% |
Summary: Homes in Nazareth had an average of 30 days on market in Mar 2024, up by 31.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nazareth are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Nazareth; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
