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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salisbury Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Salisbury Township, PA

How much do homes in Salisbury Township, PA cost?

Median Sold Price

$350,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+6.1%)

Key Takeaway

Homes in Salisbury Township have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Salisbury Township was $350,000 in October 2024, up 6.1% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $195K$174.5K
-10.5%
2 $209K$243K
+16.3%
3 $295.5K$332K
+12.4%
4 $400.7K$392.5K
-2.1%
5+ $600K$672.5K
+12.1%

Summary: Salisbury Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 12.1%.

Median Sold Price Compared To Nearby Cities

Allentown
+15.5%
South Whitehall Township
+7.3%
Emmaus
+6.3%
Salisbury Township
+6.1%
Center Valley
-3.7%

Housing Supply in Salisbury Township, PA

How many homes are available in Salisbury Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6358-7.9%

Summary: The Salisbury Township real estate market had 58 homes for sale in October 2024, a 7.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 2225
+13.6%
4 3330
-9.1%
5+ 52
-60.0%

Summary: The Salisbury 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 66.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1321+61.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salisbury Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Salisbury Township in October 2024, up by 61.5% month-over-month. Of the 21 sold homes, 57% were sold under asking, 5% were sold at asking, and 38% were sold over asking.

Days on Market for Salisbury Township, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days22 Days-11.8%

Summary: Homes in Salisbury Township had an average of 22 days on market in Oct 2024, down by 11.8% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 21 homes were sold in Salisbury Township; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% 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 Salisbury Township, PA

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