$4,691 Closing Credit*
$395,000
2,198 SqFt
3 Beds
•3 Full Baths
Listing Office: West End Associates
Is Lehigh County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lehigh County has remained a Seller's Market.
Key Takeaway
Lehigh County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lehigh County, PA
How much do homes in Lehigh County, PA cost?
Median Sold Price
$339,982
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,930(+8.6%)
Key Takeaway
Homes in Lehigh County have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Lehigh County was $339,982 in November 2024, up 8.6% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146K | $156K | +6.8% |
| 2 Bedrooms | $240K | $275.9K | +15.0% |
| 3 Bedrooms | $295.5K | $317.8K | +7.6% |
| 4 Bedrooms | $413.9K | $450.1K | +8.7% |
| 5+ Bedrooms | $328.5K | $360K | +9.6% |
Summary: Lehigh County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Counties
| Schuylkill County | $130K | $147.6K | +13.5% |
| Lehigh County | $313K | $339.9K | +8.6% |
| Bucks County | $451.9K | $482.3K | +6.7% |
| Carbon County | $225.5K | $238.1K | +5.6% |
| Northampton County | $324K | $339.9K | +4.9% |
Housing Supply in Lehigh County, PA
How many homes are available in Lehigh County, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,182 | 964 | -18.4% |
Summary: The Lehigh County real estate market had 964 homes for sale in November 2024, a 18.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 109 | 88 | -19.3% |
| 3 Bedrooms | 566 | 466 | -17.7% |
| 4 Bedrooms | 365 | 291 | -20.3% |
| 5+ Bedrooms | 137 | 113 | -17.5% |
Summary: The Lehigh County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 19.3%, 3 bedroom homes decreased by 17.7%, 4 bedroom homes decreased by 20.3%, and 5+ bedroom homes decreased by 17.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 366 | 271 | -26.0% |
Asking Price vs. Sold Price
93 Homes Were Sold
Under Asking
57 Homes Were Sold
At Asking
121 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lehigh County, you could pay more than the asking price. 44.6% of homes here sold above asking price last month.
Summary: A total of 271 homes were sold or pending in Lehigh County in November 2024, down by 26.0% month-over-month. Of the 271 sold homes, 34% were sold under asking, 21% were sold at asking, and 45% were sold over asking.
Days on Market for Lehigh County, PA
How long does it take to sell a home in Lehigh County, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +49.1% |
Summary: Homes in Lehigh County had an average of 26 days on market in Nov 2024, up by 49.1% compared to last year.
Breakdown of Home Sale Times
204 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lehigh County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 271 homes were sold in Lehigh County; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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