Is Bethlehem, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bethlehem has remained a Seller's Market.
Key Takeaway
Bethlehem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bethlehem, PA
How much do homes in Bethlehem, PA cost?
Median Sold Price
$325,562
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bethlehem have sold for 22.3% more than they did a year ago.
Summary: The median home sold price in Bethlehem was $325,562 in April 2024, up 22.3% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175.5K | $199.9K | +13.9% |
| 2 Bedrooms | $234.6K | $250K | +6.6% |
| 3 Bedrooms | $263.6K | $305.1K | +15.7% |
| 4 Bedrooms | $320K | $461.3K | +44.2% |
| 5+ Bedrooms | $467.5K | $520K | +11.2% |
Summary: Bethlehem housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 44.2%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Bethlehem | $266.1K | $325.5K | +22.3% |
| Fountain Hill | $213K | $232.7K | +9.3% |
| Freemansburg | $240K | $259.5K | +8.1% |
| Hanover Township | $315.8K | $285K | -9.8% |
| Lower Saucon Township | $500K | $450K | -10.0% |
Housing Supply in Bethlehem, PA
How many homes are available in Bethlehem, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 266 | 239 | -10.2% |
Summary: The Bethlehem real estate market had 239 homes for sale in April 2024, a 10.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 28 | 33 | +17.9% |
| 3 Bedrooms | 128 | 102 | -20.3% |
| 4 Bedrooms | 69 | 73 | +5.8% |
| 5+ Bedrooms | 33 | 23 | -30.3% |
Summary: The Bethlehem housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.9%, 3 bedroom homes decreased by 20.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 30.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 98 | 83 | -15.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bethlehem, you could pay more than the asking price. 59% of homes here sold above asking price last month.
Summary: A total of 83 homes were sold or pending in Bethlehem in April 2024, down by 15.3% month-over-month. Of the 83 sold homes, 27% were sold under asking, 14% were sold at asking, and 59% were sold over asking.
Days on Market for Bethlehem, PA
How long does it take to sell a home in Bethlehem, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 21 Days | -6.5% |
Summary: Homes in Bethlehem had an average of 21 days on market in Apr 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bethlehem are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 83 homes were sold in Bethlehem; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
