Is Lehigh Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lehigh Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Lehigh Township was a Seller's Market.

Key Takeaway

Lehigh Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lehigh Township, PA

How much do homes in Lehigh Township, PA cost?

Median Sold Price

$381,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$55,500(+17.1%)

Key Takeaway

Homes in Lehigh Township have sold for 17.1% more than they did a year ago.

Summary: The median home sold price in Lehigh Township was $381,000 in November 2024, up 17.1% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $179.9K-
N/A
2 $235K$231K
-1.7%
3 $281K$347.5K
+23.7%
4 $379.9K$437.5K
+15.2%
5+ $475K$457.5K
-3.7%

Summary: Lehigh Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 3.7%.

Median Sold Price Compared To Nearby Cities

Lehigh Township
+17.1%
Walnutport
+10.2%

Housing Supply in Lehigh Township, PA

How many homes are available in Lehigh Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3424-29.4%

Summary: The Lehigh Township real estate market had 24 homes for sale in November 2024, a 29.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 1410
-28.6%
4 1911
-42.1%
5+ 11
0.0%

Summary: The Lehigh Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 42.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
104-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lehigh Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Lehigh Township in November 2024, down by 60.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Lehigh Township, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
9 Days21 Days+119.7%

Summary: Homes in Lehigh Township had an average of 21 days on market in Nov 2024, up by 119.7% compared to last year.

Breakdown of Home Sale Times

3 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 Lehigh Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Lehigh Township; 75% of homes were sold within 30 days, 25% 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

Newest Listings in Lehigh Township, PA

Nearby Markets to Lehigh Township, PA

What housing markets are near Lehigh Township, PA?