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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Upper Nazareth Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Upper Nazareth Township, PA

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

Median Sold Price

$375,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$25,500(-6.4%)

Key Takeaway

Homes in Upper Nazareth Township have sold for 6.4% less than they did a year ago.

Summary: The median home sold price in Upper Nazareth Township was $375,000 in October 2024, down 6.4% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $256K$291.5K
+13.9%
3 $340K$351K
+3.2%
4 $553.5K$553K
-0.1%
5+ $575K$765K
+33.0%

Summary: Upper Nazareth 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 13.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 33%.

Median Sold Price Compared To Nearby Cities

Lower Nazareth Township
+26.6%
Nazareth
+1.9%
Upper Nazareth Township
-6.4%
Bushkill Township
-23.9%

Housing Supply in Upper Nazareth Township, PA

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2124+14.3%

Summary: The Upper Nazareth Township real estate market had 24 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 00
0.0%
3 912
+33.3%
4 88
0.0%
5+ 43
-25.0%

Summary: The Upper Nazareth Township 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 increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
311+266.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Upper Nazareth Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Upper Nazareth Township in October 2024, up by 266.7% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.

Days on Market for Upper Nazareth Township, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days36 Days+510.6%

Summary: Homes in Upper Nazareth Township had an average of 36 days on market in Oct 2024, up by 510.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in Upper Nazareth Township; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% 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 Nazareth Township, PA

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What housing markets are near Upper Nazareth Township, PA?