Is Lower Macungie 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, Lower Macungie Township has remained a Seller's Market.
Housing Prices in Lower Macungie Township, PA
How much do homes in Lower Macungie Township, PA cost?
Median Sold Price
$398,333
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lower Macungie Township was $398,333 in May 2024, up 2.1% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $156.2K | $170K | +8.8% |
2 Bedrooms | $251.2K | $303.7K | +20.9% |
3 Bedrooms | $340K | $362.4K | +6.6% |
4 Bedrooms | $522.5K | $535K | +2.4% |
5+ Bedrooms | $595K | $665K | +11.8% |
Summary: Lower Macungie Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Cities
Upper Milford Township | $384.5K | $432.5K | +12.5% |
Macungie | $382.5K | $391K | +2.2% |
Lower Macungie Township | $390K | $398.3K | +2.1% |
Housing Supply in Lower Macungie Township, PA
How many homes are available in Lower Macungie Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
100 | 105 | +5.0% |
Summary: The Lower Macungie Township real estate market had 105 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 20 | +5.3% |
3 Bedrooms | 36 | 44 | +22.2% |
4 Bedrooms | 39 | 32 | -17.9% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Lower Macungie 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 5.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 35 | +59.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Lower Macungie Township in May 2024, up by 59.1% month-over-month. Of the 35 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% were sold over asking.
Days on Market for Lower Macungie Township, PA
How long does it take to sell a home in Lower Macungie Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 11 Days | +16.7% |
Summary: Homes in Lower Macungie Township had an average of 11 days on market in May 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in Lower Macungie 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.