Is Muhlenberg Township, 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, Muhlenberg Township has remained a Seller's Market.
Key Takeaway
Muhlenberg Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Muhlenberg Township, PA
How much do homes in Muhlenberg Township, PA cost?
Median Sold Price
$285,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Muhlenberg Township have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Muhlenberg Township was $285,000 in April 2024, up 16.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $205K | +5.1% |
| 3 Bedrooms | $243.5K | $273K | +12.1% |
| 4 Bedrooms | $280K | $300K | +7.1% |
| 5+ Bedrooms | $230K | $360K | +56.5% |
Summary: Muhlenberg Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 56.5%.
Median Sold Price Compared To Nearby Cities
| Bern Township | $295K | $360K | +22.0% |
| Muhlenberg Township | $245K | $285K | +16.3% |
| Laureldale | $190K | $215K | +13.2% |
| Temple | $230K | $250K | +8.7% |
| Ontelaunee Township | $333.3K | $359.9K | +8.0% |
Housing Supply in Muhlenberg Township, PA
How many homes are available in Muhlenberg Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 50 | -20.6% |
Summary: The Muhlenberg Township real estate market had 50 homes for sale in April 2024, a 20.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 34 | 23 | -32.4% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Muhlenberg Township 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 100%, 3 bedroom homes decreased by 32.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 9 | -60.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muhlenberg Township, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Muhlenberg Township in April 2024, down by 60.9% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for Muhlenberg Township, PA
How long does it take to sell a home in Muhlenberg Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 10 Days | -31.8% |
Summary: Homes in Muhlenberg Township had an average of 10 days on market in Apr 2024, down by 31.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Muhlenberg Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Muhlenberg Township; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
