$4,155 Closing Credit*
$349,900
2,448 SqFt
3 Beds
•2 Full Baths, 2 Partial
Listing Office: Keller Williams Northampton
Is Orefield, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Orefield has remained a Seller's Market.
Key Takeaway
Orefield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orefield, PA
How much do homes in Orefield, PA cost?
Median Sold Price
$509,900
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$87,400(+20.7%)
Key Takeaway
Homes in Orefield have sold for 20.7% more than they did a year ago.
Summary: The median home sold price in Orefield was $509,900 in September 2024, up 20.7% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $377.5K | $192K | -49.1% |
| 3 Bedrooms | $378.5K | $413K | +9.1% |
| 4 Bedrooms | $522K | $630.6K | +20.8% |
| 5+ Bedrooms | $880.5K | $1.1M | +28.6% |
Summary: Orefield housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 49.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 28.6%.
Median Sold Price Compared To Nearby Cities
| Orefield | $422.5K | $509.9K | +20.7% |
| Upper Macungie Township | $450K | $477.5K | +6.1% |
| Fogelsville | $626.9K | $612.6K | -2.3% |
| Schnecksville | $507.5K | $489K | -3.6% |
Housing Supply in Orefield, PA
How many homes are available in Orefield, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 30 | 19 | -36.7% |
Summary: The Orefield real estate market had 19 homes for sale in September 2024, a 36.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 12 | 6 | -50.0% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Orefield housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 15 | 7 | -53.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orefield, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Orefield in September 2024, down by 53.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Orefield, PA
How long does it take to sell a home in Orefield, PA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 12 Days | 10 Days | -16.7% |
Summary: Homes in Orefield had an average of 10 days on market in Sep 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
7 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 Orefield are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 7 homes were sold in Orefield; 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.
