$7,480 Closing Credit*
$629,900
2,787 SqFt
4 Beds
•2 Full Baths, 1 Partial
Tiffany J Sevey, Listing Office: Keller Williams Real Estate - Allentown
Is Upper Hanover Township, 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, Upper Hanover Township has remained a Seller's Market.
Key Takeaway
Upper Hanover Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Hanover Township, PA
How much do homes in Upper Hanover Township, PA cost?
Median Sold Price
$421,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$44,000(-9.5%)
Key Takeaway
Homes in Upper Hanover Township have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Upper Hanover Township was $421,000 in October 2024, down 9.5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $415.6K | $280.5K | -32.5% |
| 3 Bedrooms | $352.5K | $346.2K | -1.8% |
| 4 Bedrooms | $562.5K | $587.5K | +4.4% |
| 5+ Bedrooms | $712.4K | $648K | -9.0% |
Summary: Upper Hanover 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 32.5%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
| East Greenville | $255.7K | $292K | +14.2% |
| Pennsburg | $339K | $371K | +9.4% |
| Red Hill | $307.5K | $315K | +2.4% |
| Upper Hanover Township | $465K | $421K | -9.5% |
Housing Supply in Upper Hanover Township, PA
How many homes are available in Upper Hanover Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 31 | -6.1% |
Summary: The Upper Hanover Township real estate market had 31 homes for sale in October 2024, a 6.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Upper Hanover 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 40%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Hanover Township, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Upper Hanover Township in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 14% were sold under asking, 71% were sold at asking, and 14% were sold over asking.
Days on Market for Upper Hanover Township, PA
How long does it take to sell a home in Upper Hanover Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 5 Days | -53.4% |
Summary: Homes in Upper Hanover Township had an average of 5 days on market in Oct 2024, down by 53.4% compared to last year.
Breakdown of Home Sale Times
7 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 Upper Hanover Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Upper Hanover Township; 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.
