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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lower Saucon Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Lower Saucon Township, PA

How much do homes in Lower Saucon Township, PA cost?

Median Sold Price

$465,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$54,950(-10.6%)

Key Takeaway

Homes in Lower Saucon Township have sold for 10.6% less than they did a year ago.

Summary: The median home sold price in Lower Saucon Township was $465,000 in October 2024, down 10.6% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $341K$292K
-14.4%
3 $387K$363.7K
-6.0%
4 $680.9K$730K
+7.2%
5+ $915K$900K
-1.6%

Summary: Lower Saucon Township 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 decreased by 14.4%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 1.6%.

Median Sold Price Compared To Nearby Cities

Springfield Township
+3.8%
Hellertown
+3.6%
Bethlehem
+3.2%
Lower Saucon Township
-10.6%
Freemansburg
-11.9%

Housing Supply in Lower Saucon Township, PA

How many homes are available in Lower Saucon Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5255+5.8%

Summary: The Lower Saucon Township real estate market had 55 homes for sale in October 2024, a 5.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 109
-10.0%
3 1513
-13.3%
4 2120
-4.8%
5+ 613
+116.7%

Summary: The Lower Saucon Township 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 10%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 116.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1615-6.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lower Saucon Township, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Lower Saucon Township in October 2024, down by 6.3% month-over-month. Of the 15 sold homes, 33% were sold under asking, 13% were sold at asking, and 53% were sold over asking.

Days on Market for Lower Saucon Township, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days18 Days+4.8%

Summary: Homes in Lower Saucon Township had an average of 18 days on market in Oct 2024, up by 4.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 15 homes were sold in Lower Saucon Township; 73% of homes were sold within 30 days, 27% 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 16 Days Ago

Newest Listings in Lower Saucon Township, PA

Nearby Markets to Lower Saucon Township, PA

What housing markets are near Lower Saucon Township, PA?