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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riegelsville is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Riegelsville has remained a Seller's Market.

Key Takeaway

Riegelsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Riegelsville, PA

How much do homes in Riegelsville, PA cost?

Median Sold Price

$511,250

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$150,250(+41.6%)

Key Takeaway

Homes in Riegelsville have sold for 41.6% more than they did a year ago.

Summary: The median home sold price in Riegelsville was $511,250 in March 2024, up 41.6% from last year, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$259.9K
N/A
2 $300K$262.4K
-12.5%
3 $359K$359K
0.0%
4 $392.5K$645K
+64.3%
5+ $767K$840K
+9.5%

Summary: Riegelsville 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 decreased by 12.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 64.3%, and 5+ bedroom homes increased by 9.5%.

Median Sold Price Compared To Nearby Cities

Riegelsville
+41.6%
Williams Township
+23.4%
Holland Township
+16.7%
Pohatcong Township
+3.9%

Housing Supply in Riegelsville, PA

How many homes are available in Riegelsville, PA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1615-6.3%

Summary: The Riegelsville real estate market had 15 homes for sale in March 2024, a 6.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 22
0.0%
3 22
0.0%
4 53
-40.0%
5+ 67
+16.7%

Summary: The Riegelsville 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 remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riegelsville, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Riegelsville in March 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Riegelsville, PA

How long does it take to sell a home in Riegelsville, PA?

Average Sale Time

Mar 2023Mar 2024CHANGE
42 Days41 Days-1.6%

Summary: Homes in Riegelsville had an average of 41 days on market in Mar 2024, down by 1.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Riegelsville are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 3 homes were sold in Riegelsville; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 22 Days Ago

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