Is Northampton, 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, Northampton has remained a Seller's Market.
Key Takeaway
Northampton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northampton, PA
How much do homes in Northampton, PA cost?
Median Sold Price
$303,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northampton have sold for 34.7% more than they did a year ago.
Summary: The median home sold price in Northampton was $303,000 in March 2024, up 34.7% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | - | N/A |
| 2 Bedrooms | $154.9K | $182.3K | +17.7% |
| 3 Bedrooms | $232.5K | $300K | +29.0% |
| 4 Bedrooms | $320K | $375K | +17.2% |
| 5+ Bedrooms | $255.5K | $418.7K | +63.9% |
Summary: Northampton 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 17.7%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 63.9%.
Median Sold Price Compared To Nearby Cities
| North Catasauqua | $245K | $492.9K | +101.2% |
| Northampton | $225K | $303K | +34.7% |
| Whitehall | $295K | $309.5K | +4.9% |
| Allen Township | $345K | $335K | -2.9% |
Housing Supply in Northampton, PA
How many homes are available in Northampton, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 55 | +3.8% |
Summary: The Northampton real estate market had 55 homes for sale in March 2024, a 3.8% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 32 | 32 | 0.0% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Northampton 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 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northampton, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Northampton in March 2024, down by 15.4% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for Northampton, PA
How long does it take to sell a home in Northampton, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 8 Days | -53.4% |
Summary: Homes in Northampton had an average of 8 days on market in Mar 2024, down by 53.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northampton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Northampton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
