Is Riegelsville, 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, 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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $259.9K | N/A |
| 2 Bedrooms | $300K | $262.4K | -12.5% |
| 3 Bedrooms | $359K | $359K | 0.0% |
| 4 Bedrooms | $392.5K | $645K | +64.3% |
| 5+ Bedrooms | $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 | $361K | $511.2K | +41.6% |
| Williams Township | $340.3K | $420K | +23.4% |
| Holland Township | $390K | $455K | +16.7% |
| Pohatcong Township | $308K | $320K | +3.9% |
Housing Supply in Riegelsville, PA
How many homes are available in Riegelsville, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 6 | 7 | +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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 41 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
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.
