$5,166 Closing Credit*
$435,000
2,807 SqFt
2 Beds
•2 Full Baths
Gina Kelechava, Listing Office: RE/MAX Real Estate-Allentown
Is 18055, 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, 18055 has remained a Seller's Market.
Key Takeaway
18055 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18055, PA
How much do homes in 18055, PA cost?
Median Sold Price
$362,500
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+3.6%)
Key Takeaway
Homes in 18055 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 18055 was $362,500 in October 2024, up 3.6% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $277.6K | $280.5K | +1.0% |
| 3 Bedrooms | $287K | $335K | +16.7% |
| 4 Bedrooms | $550K | $670K | +21.8% |
| 5+ Bedrooms | $882.5K | $767.5K | -13.0% |
Summary: 18055 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 increased by 1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes decreased by 13%.
Housing Supply in 18055, PA
How many homes are available in 18055, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 36 | 0.0% |
Summary: The 18055 real estate market had 36 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 18055 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 increased by 6.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
3 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 18055, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 18055 in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for 18055, PA
How long does it take to sell a home in 18055, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 11 Days | +7.6% |
Summary: Homes in 18055 had an average of 11 days on market in Oct 2024, up by 7.6% compared to last year.
Breakdown of Home Sale Times
10 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 18055 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 18055; 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.
