Is Bethlehem 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, Bethlehem Township has remained a Seller's Market.
Housing Prices in Bethlehem Township, PA
How much do homes in Bethlehem Township, PA cost?
Median Sold Price
$335,569
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bethlehem Township was $335,569 in May 2024, up 6.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192K | $200K | +4.2% |
2 Bedrooms | $238.5K | $257K | +7.8% |
3 Bedrooms | $296.7K | $314.5K | +6.0% |
4 Bedrooms | $415K | $473K | +14.0% |
5+ Bedrooms | $540K | $500K | -7.4% |
Summary: Bethlehem Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
Freemansburg | $235K | $259.5K | +10.4% |
Lower Nazareth Township | $425K | $455K | +7.1% |
Bethlehem | $305K | $325.5K | +6.7% |
Bethlehem Township | $314.8K | $335.5K | +6.6% |
Hanover Township | $301.4K | $285K | -5.5% |
Housing Supply in Bethlehem Township, PA
How many homes are available in Bethlehem Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
295 | 293 | -0.7% |
Summary: The Bethlehem Township real estate market had 293 homes for sale in May 2024, a 0.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 8 | -11.1% |
2 Bedrooms | 43 | 35 | -18.6% |
3 Bedrooms | 130 | 131 | +0.8% |
4 Bedrooms | 87 | 92 | +5.7% |
5+ Bedrooms | 26 | 27 | +3.8% |
Summary: The Bethlehem Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
98 | 102 | +4.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Summary: A total of 102 homes were sold or pending in Bethlehem Township in May 2024, up by 4.1% month-over-month. Of the 102 sold homes, 21% were sold under asking, 19% were sold at asking, and 61% were sold over asking.
Days on Market for Bethlehem Township, PA
How long does it take to sell a home in Bethlehem Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 22 Days | +2.4% |
Summary: Homes in Bethlehem Township had an average of 22 days on market in May 2024, up by 2.4% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 102 homes were sold in Bethlehem Township; 88% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.