Is Lower Mount Bethel Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lower Mount Bethel Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Lower Mount Bethel Township has remained a Seller's Market.

Key Takeaway

Lower Mount Bethel Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lower Mount Bethel Township, PA

How much do homes in Lower Mount Bethel Township, PA cost?

Median Sold Price

$325,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,500(+15.9%)

Key Takeaway

Homes in Lower Mount Bethel Township have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in Lower Mount Bethel Township was $325,000 in November 2024, up 15.9% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $269K$264K
-1.9%
3 $316K$300K
-5.1%
4 $320K$337K
+5.3%
5+ $605K-
N/A

Summary: Lower Mount Bethel 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 1.9%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lower Mount Bethel Township
+15.9%
Washington Township
+10.8%
Belvidere
+8.0%

Housing Supply in Lower Mount Bethel Township, PA

How many homes are available in Lower Mount Bethel Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
911+22.2%

Summary: The Lower Mount Bethel Township real estate market had 11 homes for sale in November 2024, a 22.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 23
+50.0%
5+ 12
+100.0%

Summary: The Lower Mount Bethel 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lower Mount Bethel Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Lower Mount Bethel Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Lower Mount Bethel Township, PA

How long does it take to sell a home in Lower Mount Bethel Township, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
12 Days66 Days+452.8%

Summary: Homes in Lower Mount Bethel Township had an average of 66 days on market in Nov 2024, up by 452.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lower Mount Bethel Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Lower Mount Bethel Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 Lower Mount Bethel Township, PA

Nearby Markets to Lower Mount Bethel Township, PA

What housing markets are near Lower Mount Bethel Township, PA?