Is Orefield, 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, 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
$447,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Orefield have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Orefield was $447,000 in March 2024, up 14.6% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $258K | $377.5K | +46.3% |
| 3 Bedrooms | $317.5K | $385.9K | +21.5% |
| 4 Bedrooms | $525K | $551.3K | +5.0% |
| 5+ Bedrooms | $452.5K | $880.5K | +94.6% |
Summary: Orefield 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 46.3%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 94.6%.
Median Sold Price Compared To Nearby Cities
| Schnecksville | $450K | $585K | +30.0% |
| Fogelsville | $525K | $636.6K | +21.3% |
| Orefield | $390K | $447K | +14.6% |
| Upper Macungie Township | $435K | $463K | +6.4% |
Housing Supply in Orefield, PA
How many homes are available in Orefield, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Orefield real estate market had 15 homes for sale in March 2024, a 7.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Orefield 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Orefield, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Orefield in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 48 Days | +144.0% |
Summary: Homes in Orefield had an average of 48 days on market in Mar 2024, up by 144% compared to last year.
Breakdown of Home Sale Times
2 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 Orefield are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Orefield; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
