Is Fountain Hill, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Fountain Hill was a Seller's Market.
Key Takeaway
Fountain Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fountain Hill, PA
How much do homes in Fountain Hill, PA cost?
Median Sold Price
$233,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fountain Hill have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Fountain Hill was $233,500 in May 2024, up 8.6% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $205K | +17.1% |
| 3 Bedrooms | $235.5K | $234.9K | -0.3% |
| 4 Bedrooms | $215K | $225K | +4.7% |
| 5+ Bedrooms | $184.9K | $282.5K | +52.8% |
Summary: Fountain Hill 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 17.1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 52.8%.
Median Sold Price Compared To Nearby Cities
| Fountain Hill | $215K | $233.5K | +8.6% |
| Bethlehem | $305K | $325.5K | +6.7% |
| Salisbury Township | $312K | $327.9K | +5.1% |
| Lower Saucon Township | $500K | $438.2K | -12.3% |
Housing Supply in Fountain Hill, PA
How many homes are available in Fountain Hill, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Summary: The Fountain Hill real estate market had 18 homes for sale in May 2024, a 63.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Fountain Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fountain Hill, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Fountain Hill in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Fountain Hill, PA
How long does it take to sell a home in Fountain Hill, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 45 Days | +914.8% |
Summary: Homes in Fountain Hill had an average of 45 days on market in May 2024, up by 914.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fountain Hill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Fountain Hill; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
