$5,344 Closing Credit*
$450,000
2,009 SqFt
3 Beds
•2 Full Baths, 1 Partial
Scott Busfield, Listing Office: Keller Williams Real Estate - Bethlehem
Is Emmaus, 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, Emmaus has remained a Seller's Market.
Key Takeaway
Emmaus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Emmaus, PA
How much do homes in Emmaus, PA cost?
Median Sold Price
$377,450
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,437(+6.3%)
Key Takeaway
Homes in Emmaus have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Emmaus was $377,450 in October 2024, up 6.3% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210K | N/A |
| 2 Bedrooms | $312K | $328.5K | +5.3% |
| 3 Bedrooms | $335K | $350K | +4.5% |
| 4 Bedrooms | $375K | $512.5K | +36.7% |
| 5+ Bedrooms | $460K | $692.5K | +50.5% |
Summary: Emmaus 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 5.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes increased by 50.5%.
Median Sold Price Compared To Nearby Cities
| Allentown | $251K | $289.9K | +15.5% |
| Emmaus | $355K | $377.4K | +6.3% |
| Lower Macungie Township | $396.2K | $420.6K | +6.2% |
| Salisbury Township | $330K | $350K | +6.1% |
| Upper Milford Township | $407K | $425K | +4.4% |
Housing Supply in Emmaus, PA
How many homes are available in Emmaus, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 86 | -3.4% |
Summary: The Emmaus real estate market had 86 homes for sale in October 2024, a 3.4% 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 | 10 | 7 | -30.0% |
| 3 Bedrooms | 43 | 44 | +2.3% |
| 4 Bedrooms | 32 | 30 | -6.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Emmaus 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 30%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Emmaus, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Emmaus in October 2024, down by 9.5% month-over-month. Of the 19 sold homes, 26% were sold under asking, 16% were sold at asking, and 58% were sold over asking.
Days on Market for Emmaus, PA
How long does it take to sell a home in Emmaus, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 16 Days | -51.4% |
Summary: Homes in Emmaus had an average of 16 days on market in Oct 2024, down by 51.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Emmaus are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Emmaus; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
