Is Alburtis, 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, Alburtis has remained a Seller's Market.
Key Takeaway
Alburtis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alburtis, PA
How much do homes in Alburtis, PA cost?
Median Sold Price
$346,250
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Alburtis have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Alburtis was $346,250 in May 2024, up 9.9% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225.3K | $250K | +11.0% |
| 3 Bedrooms | $315K | $348.7K | +10.7% |
| 4 Bedrooms | $438.7K | $385K | -12.3% |
| 5+ Bedrooms | $220K | $525K | +138.6% |
Summary: Alburtis 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 increased by 11%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 138.6%.
Median Sold Price Compared To Nearby Cities
| Alburtis | $315K | $346.2K | +9.9% |
| Alburtis | $320K | $335K | +4.7% |
| Lower Macungie Township | $390K | $398.3K | +2.1% |
Housing Supply in Alburtis, PA
How many homes are available in Alburtis, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Alburtis real estate market had 15 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Alburtis 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 100%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alburtis, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Alburtis in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Alburtis, PA
How long does it take to sell a home in Alburtis, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 35 Days | +485.7% |
Summary: Homes in Alburtis had an average of 35 days on market in May 2024, up by 485.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Alburtis are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Alburtis; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
