Is Upper Nazareth 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, Upper Nazareth Township has remained a Seller's Market.
Key Takeaway
Upper Nazareth Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Nazareth Township, PA
How much do homes in Upper Nazareth Township, PA cost?
Median Sold Price
$352,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Upper Nazareth Township have sold for 21.8% less than they did a year ago.
Summary: The median home sold price in Upper Nazareth Township was $352,000 in May 2024, down 21.8% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $274.9K | $256K | -6.9% |
| 3 Bedrooms | $332K | $340K | +2.4% |
| 4 Bedrooms | $513.4K | $535K | +4.2% |
| 5+ Bedrooms | $567.5K | $585K | +3.1% |
Summary: Upper Nazareth Township 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 decreased by 6.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Lower Nazareth Township | $425K | $455K | +7.1% |
| Nazareth | $395K | $408.7K | +3.5% |
| Bushkill Township | $380.5K | $385K | +1.2% |
| Upper Nazareth Township | $450K | $352K | -21.8% |
Housing Supply in Upper Nazareth Township, PA
How many homes are available in Upper Nazareth Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Summary: The Upper Nazareth Township real estate market had 18 homes for sale in May 2024, a 38.5% 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 | 1 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 1 | 6 | +500.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Upper Nazareth 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 500%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Nazareth Township, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Upper Nazareth Township in May 2024, up by 600.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 57% were sold at asking, and 29% were sold over asking.
Days on Market for Upper Nazareth Township, PA
How long does it take to sell a home in Upper Nazareth Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 5 Days | -74.1% |
Summary: Homes in Upper Nazareth Township had an average of 5 days on market in May 2024, down by 74.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Nazareth Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Upper Nazareth Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
