Is Riegelsville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$530,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Riegelsville have sold for 37.7% more than they did a year ago.
Summary: The median home sold price in Riegelsville was $530,000 in June 2024, up 37.7% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $259.9K | N/A |
| 2 Bedrooms | $272.5K | $374.9K | +37.6% |
| 3 Bedrooms | $359K | $352.5K | -1.8% |
| 4 Bedrooms | $664K | $635.2K | -4.3% |
| 5+ Bedrooms | $880K | $818.7K | -7.0% |
Summary: Riegelsville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Cities
| Riegelsville | $385K | $530K | +37.7% |
| Holland Township | $382.5K | $485K | +26.8% |
| Pohatcong Township | $301K | $335K | +11.3% |
| Williams Township | $398K | $425K | +6.8% |
| Durham Township | $664K | $651K | -2.0% |
Housing Supply in Riegelsville, PA
How many homes are available in Riegelsville, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Riegelsville real estate market had 17 homes for sale in June 2024, a 6.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Riegelsville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Riegelsville, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Riegelsville in June 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 20 Days | 29 Days | +42.7% |
Summary: Homes in Riegelsville had an average of 29 days on market in Jun 2024, up by 42.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riegelsville are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 4 homes were sold in Riegelsville; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
