Is Northampton, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northampton is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Northampton has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Northampton, PA

How much do homes in Northampton, PA cost?

Median Sold Price

$329,983

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,983(+6.4%)

Key Takeaway

Homes in Northampton have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Northampton was $329,983 in October 2024, up 6.4% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $157.5K$205K
+30.2%
3 $295.7K$330K
+11.6%
4 $435K$350K
-19.5%
5+ $342.5K$385K
+12.4%

Summary: Northampton 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 30.2%, 3 bedroom homes increased by 11.6%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes increased by 12.4%.

Median Sold Price Compared To Nearby Cities

Allen Township
+12.6%
Northampton
+6.4%
Whitehall
+1.6%

Housing Supply in Northampton, PA

How many homes are available in Northampton, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7180+12.7%

Summary: The Northampton real estate market had 80 homes for sale in October 2024, a 12.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 67
+16.7%
3 2941
+41.4%
4 3128
-9.7%
5+ 53
-40.0%

Summary: The Northampton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 41.4%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1327+107.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northampton, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in Northampton in October 2024, up by 107.7% month-over-month. Of the 27 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.

Days on Market for Northampton, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days14 Days-51.2%

Summary: Homes in Northampton had an average of 14 days on market in Oct 2024, down by 51.2% compared to last year.

Breakdown of Home Sale Times

23 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 Northampton are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in Northampton; 85% of homes were sold within 30 days, 15% 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 Northampton, PA

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