Is Upper Macungie Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Upper Macungie Township was a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $229K | $439.9K | +92.1% |
3 Bedrooms | $362.5K | $385K | +6.2% |
4 Bedrooms | $525K | $602.8K | +14.8% |
5+ Bedrooms | $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 | $557.5K | $635.2K | +13.9% |
Orefield | $394.5K | $430.9K | +9.2% |
Upper Macungie Township | $425K | $459.9K | +8.2% |
Breinigsville | $420.5K | $454.9K | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
65 | 59 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 16 | -20.0% |
3 Bedrooms | 28 | 26 | -7.1% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 4 | 5 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 10 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
76 Days | 30 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
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.