Is Slatington, 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, Slatington has remained a Seller's Market.
Key Takeaway
Slatington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Slatington, PA
How much do homes in Slatington, PA cost?
Median Sold Price
$269,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Slatington have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Slatington was $269,000 in May 2024, up 5.2% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | - | N/A |
| 2 Bedrooms | $190K | $201K | +5.8% |
| 3 Bedrooms | $250K | $250K | 0.0% |
| 4 Bedrooms | $329.9K | $370K | +12.2% |
| 5+ Bedrooms | $269.9K | $421K | +56.0% |
Summary: Slatington 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 5.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 56%.
Median Sold Price Compared To Nearby Cities
| Walnutport | $290K | $325K | +12.1% |
| Lehigh Township | $321.2K | $348K | +8.3% |
| Slatington | $255.7K | $269K | +5.2% |
| Washington Township | $229.9K | $232.6K | +1.2% |
Housing Supply in Slatington, PA
How many homes are available in Slatington, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Slatington real estate market had 28 homes for sale in May 2024, a 3.7% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 8 | 4 | -50.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Slatington 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 decreased by 100%, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Slatington, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Slatington in May 2024, down by 14.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Slatington, PA
How long does it take to sell a home in Slatington, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 19 Days | +148.0% |
Summary: Homes in Slatington had an average of 19 days on market in May 2024, up by 148% compared to last year.
Breakdown of Home Sale Times
4 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 Slatington are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Slatington; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
