Is Lehigh County, 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, Lehigh County has remained a Seller's Market.
Key Takeaway
Lehigh County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lehigh County, PA
How much do homes in Lehigh County, PA cost?
Median Sold Price
$320,130
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lehigh County have sold for 8% more than they did a year ago.
Summary: The median home sold price in Lehigh County was $320,130 in April 2024, up 8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $138.2K | -21.0% |
| 2 Bedrooms | $224.9K | $250.6K | +11.4% |
| 3 Bedrooms | $275.7K | $299.9K | +8.8% |
| 4 Bedrooms | $409.9K | $413.6K | +0.9% |
| 5+ Bedrooms | $320K | $330.3K | +3.2% |
Summary: Lehigh County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Counties
| Northampton County | $300K | $325.3K | +8.4% |
| Lehigh County | $296.3K | $320.1K | +8.0% |
| Carbon County | $225.7K | $236.8K | +4.9% |
| Bucks County | $446.5K | $460K | +3.0% |
| Schuylkill County | $134.9K | $134.8K | -0.1% |
Housing Supply in Lehigh County, PA
How many homes are available in Lehigh County, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 808 | 857 | +6.1% |
Summary: The Lehigh County real estate market had 857 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 84 | 77 | -8.3% |
| 3 Bedrooms | 356 | 391 | +9.8% |
| 4 Bedrooms | 247 | 266 | +7.7% |
| 5+ Bedrooms | 116 | 118 | +1.7% |
Summary: The Lehigh County 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 decreased by 8.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 1.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 253 | 214 | -15.4% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
110 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lehigh County, you could pay more than the asking price. 51.4% of homes here sold above asking price last month.
Summary: A total of 214 homes were sold or pending in Lehigh County in April 2024, down by 15.4% month-over-month. Of the 214 sold homes, 28% were sold under asking, 21% were sold at asking, and 51% were sold over asking.
Days on Market for Lehigh County, PA
How long does it take to sell a home in Lehigh County, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 20 Days | -21.4% |
Summary: Homes in Lehigh County had an average of 20 days on market in Apr 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
177 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lehigh County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 214 homes were sold in Lehigh County; 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.
