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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Upper Macungie Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Upper Macungie Township, PA

How much do homes in Upper Macungie Township, PA cost?

Median Sold Price

$476,000

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,000(+4.6%)

Key Takeaway

Homes in Upper Macungie Township have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Upper Macungie Township was $476,000 in October 2024, up 4.6% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $268K$471.9K
+76.1%
3 $382K$390.9K
+2.4%
4 $595.6K$600K
+0.7%
5+ $689.6K$745K
+8.0%

Summary: Upper Macungie 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 increased by 76.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Cities

Orefield
+16.0%
Breinigsville
+5.4%
Upper Macungie Township
+4.6%

Housing Supply in Upper Macungie Township, PA

How many homes are available in Upper Macungie Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
11398-13.3%

Summary: The Upper Macungie Township real estate market had 98 homes for sale in October 2024, a 13.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2514
-44.0%
3 6559
-9.2%
4 2021
+5.0%
5+ 34
+33.3%

Summary: The Upper Macungie 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 44%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3721-43.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Upper Macungie Township, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Upper Macungie Township in October 2024, down by 43.2% month-over-month. Of the 21 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% were sold over asking.

Days on Market for Upper Macungie Township, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days17 Days-25.5%

Summary: Homes in Upper Macungie Township had an average of 17 days on market in Oct 2024, down by 25.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 21 homes were sold in Upper Macungie Township; 86% of homes were sold within 30 days, 10% 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 Upper Macungie Township, PA

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