Is Orefield, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orefield is a 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

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $377.5K$192K
-49.1%
3 $378.5K$413K
+9.1%
4 $522K$630.6K
+20.8%
5+ $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
+20.7%
Upper Macungie Township
+6.1%
Fogelsville
-2.3%
Schnecksville
-3.6%

Housing Supply in Orefield, PA

How many homes are available in Orefield, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3019-36.7%

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

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1210
-16.7%
4 126
-50.0%
5+ 52
-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 2024Sep 2024CHANGE
157-53.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Sep 2024CHANGE
12 Days10 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Orefield, PA

Nearby Markets to Orefield, PA

What housing markets are near Orefield, PA?