$3,551 Closing Credit*
$299,000
1,344 SqFt
3 Beds
•1 Full Bath, 1 Partial
Howard S Schaeffer, Listing Office: RE/MAX Real Estate-Allentown
Is 18080, 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, 18080 has remained a Seller's Market.
Key Takeaway
18080 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18080, PA
How much do homes in 18080, PA cost?
Median Sold Price
$269,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,000(+7.6%)
Key Takeaway
Homes in 18080 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 18080 was $269,000 in October 2024, up 7.6% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $223K | - | N/A |
| 2 Bedrooms | $185K | $215K | +16.2% |
| 3 Bedrooms | $228K | $252.5K | +10.7% |
| 4 Bedrooms | $361.4K | $300.5K | -16.9% |
| 5+ Bedrooms | $300K | $360K | +20.0% |
Summary: 18080 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 16.2%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Zip Codes
| 18080 | $250K | $269K | +7.6% |
| 18078 | $511.2K | $503K | -1.6% |
Housing Supply in 18080, PA
How many homes are available in 18080, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 32 | -17.9% |
Summary: The 18080 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 22 | 20 | -9.1% |
| 4 Bedrooms | 13 | 8 | -38.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 18080 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 9.1%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18080, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 18080 in October 2024, up by 7.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 13% were sold at asking, and 53% were sold over asking.
Days on Market for 18080, PA
How long does it take to sell a home in 18080, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 19 Days | +6.6% |
Summary: Homes in 18080 had an average of 19 days on market in Oct 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
12 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 18080 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 18080; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
