Is Center Valley, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Center Valley has remained a Seller's Market.
Key Takeaway
Center Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Center Valley, PA
How much do homes in Center Valley, PA cost?
Median Sold Price
$462,200
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Center Valley have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Center Valley was $462,200 in May 2024, down 1.7% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $327.5K | $325K | -0.8% |
| 3 Bedrooms | $365K | $385K | +5.5% |
| 4 Bedrooms | $750K | $525K | -30.0% |
| 5+ Bedrooms | $809K | $965K | +19.3% |
Summary: Center Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 19.3%.
Median Sold Price Compared To Nearby Cities
| Upper Milford Township | $384.5K | $432.5K | +12.5% |
| Salisbury Township | $312K | $327.9K | +5.1% |
| Center Valley | $470K | $462.2K | -1.7% |
| Upper Saucon Township | $525K | $506.5K | -3.5% |
| Lower Saucon Township | $500K | $438.2K | -12.3% |
Housing Supply in Center Valley, PA
How many homes are available in Center Valley, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 35 | +2.9% |
Summary: The Center Valley real estate market had 35 homes for sale in May 2024, a 2.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Center Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Center Valley, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Center Valley in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Center Valley, PA
How long does it take to sell a home in Center Valley, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 14 Days | +27.3% |
Summary: Homes in Center Valley had an average of 14 days on market in May 2024, up by 27.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Center Valley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Center Valley; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
