$5,750,000
17,667 SqFt
6 Beds
•8 Full Baths, 4 Partial
Howard S Schaeffer, Listing Office: RE/MAX Real Estate-Allentown
Is 18034, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 18034 has remained a Seller's Market.
Key Takeaway
18034 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18034, PA
How much do homes in 18034, PA cost?
Median Sold Price
$455,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,500(-3.7%)
Key Takeaway
Homes in 18034 have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in 18034 was $455,000 in October 2024, down 3.7% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $377.4K | $367K | -2.8% |
| 3 Bedrooms | $390K | $365K | -6.4% |
| 4 Bedrooms | $682.7K | $670K | -1.9% |
| 5+ Bedrooms | $875K | $996.6K | +13.9% |
Summary: 18034 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in 18034, PA
How many homes are available in 18034, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 32 | -17.9% |
Summary: The 18034 real estate market had 32 homes for sale in October 2024, a 17.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 16 | 10 | -37.5% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 18034 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18034, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in 18034 in October 2024, up by 62.5% month-over-month. Of the 13 sold homes, 31% were sold under asking, 38% were sold at asking, and 31% were sold over asking.
Days on Market for 18034, PA
How long does it take to sell a home in 18034, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 18 Days | -7.7% |
Summary: Homes in 18034 had an average of 18 days on market in Oct 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 18034 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 18034; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
