Is Salisbury 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, Salisbury Township has remained a Seller's Market.
Key Takeaway
Salisbury Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salisbury Township, PA
How much do homes in Salisbury Township, PA cost?
Median Sold Price
$327,900
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Salisbury Township have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Salisbury Township was $327,900 in May 2024, up 5.1% 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 | $174K | $207.5K | +19.3% |
| 2 Bedrooms | $205.2K | $220K | +7.2% |
| 3 Bedrooms | $290K | $306K | +5.5% |
| 4 Bedrooms | $396.6K | $380K | -4.2% |
| 5+ Bedrooms | $500K | $600K | +20.0% |
Summary: Salisbury Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Cities
| Allentown | $242.9K | $274.2K | +12.9% |
| South Whitehall Township | $361.1K | $400K | +10.8% |
| Salisbury Township | $312K | $327.9K | +5.1% |
| Emmaus | $350K | $364.9K | +4.3% |
| Center Valley | $470K | $462.2K | -1.7% |
Housing Supply in Salisbury Township, PA
How many homes are available in Salisbury Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 | 40 | -25.9% |
Summary: The Salisbury Township real estate market had 40 homes for sale in May 2024, a 25.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 2 | -66.7% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 24 | 19 | -20.8% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Salisbury Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 12 | -42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salisbury Township, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Salisbury Township in May 2024, down by 42.9% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Salisbury Township, PA
How long does it take to sell a home in Salisbury Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 18 Days | +27.3% |
Summary: Homes in Salisbury Township had an average of 18 days on market in May 2024, up by 27.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salisbury Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Salisbury Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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