Is Upper Milford Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Upper Milford Township has remained a Seller's Market.
Housing Prices in Upper Milford Township, PA
How much do homes in Upper Milford Township, PA cost?
Median Sold Price
$432,500
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Upper Milford Township was $432,500 in May 2024, up 12.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $460K | $395K | -14.1% |
3 Bedrooms | $362.5K | $409.7K | +13.0% |
4 Bedrooms | $497K | $590K | +18.7% |
5+ Bedrooms | $312K | $657.7K | +110.8% |
Summary: Upper Milford Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.1%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 110.8%.
Median Sold Price Compared To Nearby Cities
Upper Milford Township | $384.5K | $432.5K | +12.5% |
Zionsville | $499K | $529.9K | +6.2% |
Emmaus | $350K | $364.9K | +4.3% |
Macungie | $382.5K | $391K | +2.2% |
Lower Macungie Township | $390K | $398.3K | +2.1% |
Housing Supply in Upper Milford Township, PA
How many homes are available in Upper Milford Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 38 | +2.7% |
Summary: The Upper Milford Township real estate market had 38 homes for sale in May 2024, a 2.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 7 | +133.3% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 18 | 11 | -38.9% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Upper Milford Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 38.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Upper Milford Township in May 2024, up by 50.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 0% were sold at asking, and 78% were sold over asking.
Days on Market for Upper Milford Township, PA
How long does it take to sell a home in Upper Milford Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 10 Days | +9.1% |
Summary: Homes in Upper Milford Township had an average of 10 days on market in May 2024, up by 9.1% 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
Summary: During May 2024, 9 homes were sold in Upper Milford 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.