Is Alburtis, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alburtis is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Alburtis has remained a Seller's Market.

Key Takeaway

Alburtis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Alburtis, PA

How much do homes in Alburtis, PA cost?

Median Sold Price

$345,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,500(+7.6%)

Key Takeaway

Homes in Alburtis have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Alburtis was $345,000 in October 2024, up 7.6% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $250K$365K
+46.0%
3 $321K$330K
+2.8%
4 $450.4K$320K
-29.0%
5+ $125K$525K
+320.0%

Summary: Alburtis 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 46%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes increased by 320%.

Median Sold Price Compared To Nearby Cities

Alburtis
+7.6%
Alburtis
+7.6%

Housing Supply in Alburtis, PA

How many homes are available in Alburtis, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
139-30.8%

Summary: The Alburtis real estate market had 9 homes for sale in October 2024, a 30.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 117
-36.4%
4 00
0.0%
5+ 11
0.0%

Summary: The Alburtis 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 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alburtis, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Alburtis in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Alburtis, PA

How long does it take to sell a home in Alburtis, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days20 Days+139.2%

Summary: Homes in Alburtis had an average of 20 days on market in Oct 2024, up by 139.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Alburtis are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Alburtis; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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