$5,332 Closing Credit*
$449,000
2,585 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Allentown
Is 18040, 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, 18040 has remained a Seller's Market.
Key Takeaway
18040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18040, PA
How much do homes in 18040, PA cost?
Median Sold Price
$465,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,500(+11.6%)
Key Takeaway
Homes in 18040 have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in 18040 was $465,000 in October 2024, up 11.6% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $185.5K | +15.9% |
| 2 Bedrooms | $246.2K | $259.9K | +5.5% |
| 3 Bedrooms | $380K | $400K | +5.3% |
| 4 Bedrooms | $522.5K | $553.8K | +6.0% |
| 5+ Bedrooms | $510K | $630K | +23.5% |
Summary: 18040 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Zip Codes
| 18040 | $416.5K | $465K | +11.6% |
| 18045 | $351.9K | $385K | +9.4% |
Housing Supply in 18040, PA
How many homes are available in 18040, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 80 | -22.3% |
Summary: The 18040 real estate market had 80 homes for sale in October 2024, a 22.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 55 | 37 | -32.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 18040 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 decreased by 20%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 32.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 24 | -31.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18040, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 18040 in October 2024, down by 31.4% month-over-month. Of the 24 sold homes, 46% were sold under asking, 29% were sold at asking, and 25% were sold over asking.
Days on Market for 18040, PA
How long does it take to sell a home in 18040, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 17 Days | +27.3% |
Summary: Homes in 18040 had an average of 17 days on market in Oct 2024, up by 27.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 18040 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in 18040; 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.
