Is Upper Macungie Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Upper Macungie Township is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Upper Macungie Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Upper Macungie Township, PA

How much do homes in Upper Macungie Township, PA cost?

Median Sold Price

$459,990

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$34,990(+8.2%)

Key Takeaway

Homes in Upper Macungie Township have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Upper Macungie Township was $459,990 in February 2024, up 8.2% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $229K$439.9K
+92.1%
3 $362.5K$385K
+6.2%
4 $525K$602.8K
+14.8%
5+ $750K$682.3K
-9.0%

Summary: Upper Macungie Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 92.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 9%.

Median Sold Price Compared To Nearby Cities

Fogelsville
+13.9%
Orefield
+9.2%
Upper Macungie Township
+8.2%
Breinigsville
+8.2%

Housing Supply in Upper Macungie Township, PA

How many homes are available in Upper Macungie Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6559-9.2%

Summary: The Upper Macungie Township real estate market had 59 homes for sale in February 2024, a 9.2% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 2016
-20.0%
3 2826
-7.1%
4 1312
-7.7%
5+ 45
+25.0%

Summary: The Upper Macungie Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Upper Macungie Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Upper Macungie Township in February 2024, down by 23.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for Upper Macungie Township, PA

How long does it take to sell a home in Upper Macungie Township, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
76 Days30 Days-60.8%

Summary: Homes in Upper Macungie Township had an average of 30 days on market in Feb 2024, down by 60.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 10 homes were sold in Upper Macungie Township; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% 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 27 Days Ago

Newest Listings in Upper Macungie Township, PA

Nearby Markets to Upper Macungie Township, PA

What housing markets are near Upper Macungie Township, PA?