$9,203 Closing Credit*
$775,000
3,258 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: HowardHanna TheFrederickGroup
Is Bethlehem, 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, Bethlehem has remained a Seller's Market.
Key Takeaway
Bethlehem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bethlehem, PA
How much do homes in Bethlehem, PA cost?
Median Sold Price
$330,135
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,218(+3.2%)
Key Takeaway
Homes in Bethlehem have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Bethlehem was $330,135 in October 2024, up 3.2% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $202K | +1.1% |
| 2 Bedrooms | $239.5K | $260K | +8.6% |
| 3 Bedrooms | $299.9K | $307.6K | +2.6% |
| 4 Bedrooms | $446.6K | $440.9K | -1.3% |
| 5+ Bedrooms | $490K | $530.1K | +8.2% |
Summary: Bethlehem housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Fountain Hill | $225.2K | $240K | +6.5% |
| Hanover Township | $283.6K | $294.3K | +3.8% |
| Bethlehem | $319.9K | $330.1K | +3.2% |
| Lower Saucon Township | $519.9K | $465K | -10.6% |
| Freemansburg | $269.5K | $237.4K | -11.9% |
Housing Supply in Bethlehem, PA
How many homes are available in Bethlehem, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 368 | 346 | -6.0% |
Summary: The Bethlehem real estate market had 346 homes for sale in October 2024, a 6.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 39 | 28 | -28.2% |
| 3 Bedrooms | 167 | 161 | -3.6% |
| 4 Bedrooms | 124 | 114 | -8.1% |
| 5+ Bedrooms | 34 | 37 | +8.8% |
Summary: The Bethlehem housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 28.2%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 107 | -1.8% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bethlehem, you could pay more than the asking price. 48.6% of homes here sold above asking price last month.
Summary: A total of 107 homes were sold or pending in Bethlehem in October 2024, down by 1.8% month-over-month. Of the 107 sold homes, 36% were sold under asking, 16% were sold at asking, and 49% were sold over asking.
Days on Market for Bethlehem, PA
How long does it take to sell a home in Bethlehem, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 19 Days | +16.9% |
Summary: Homes in Bethlehem had an average of 19 days on market in Oct 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
85 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bethlehem are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 107 homes were sold in Bethlehem; 79% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
