$7,363 Closing Credit*
$620,000
3,140 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Weichert Realtors
Is Orefield, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Orefield has remained a Seller's Market.
Key Takeaway
Orefield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orefield, PA
How much do homes in Orefield, PA cost?
Median Sold Price
$490,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$67,500(+16.0%)
Key Takeaway
Homes in Orefield have sold for 16% more than they did a year ago.
Summary: The median home sold price in Orefield was $490,000 in October 2024, up 16% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $377.5K | $192K | -49.1% |
| 3 Bedrooms | $363K | $413K | +13.8% |
| 4 Bedrooms | $553.7K | $630.6K | +13.9% |
| 5+ Bedrooms | $1.0M | $1.1M | +10.5% |
Summary: Orefield 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 49.1%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Orefield | $422.5K | $490K | +16.0% |
| Upper Macungie Township | $455K | $476K | +4.6% |
| Schnecksville | $511.2K | $503K | -1.6% |
Housing Supply in Orefield, PA
How many homes are available in Orefield, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The Orefield real estate market had 14 homes for sale in October 2024, a 22.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 5 | 1 | -80.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Orefield 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 80%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Orefield, 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 Orefield in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Orefield, PA
How long does it take to sell a home in Orefield, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 16 Days | +93.8% |
Summary: Homes in Orefield had an average of 16 days on market in Oct 2024, up by 93.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orefield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Orefield; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
