Is Muhlenberg Township, 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, Muhlenberg Township has remained a Seller's Market.
Key Takeaway
Muhlenberg Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Muhlenberg Township, PA
How much do homes in Muhlenberg Township, PA cost?
Median Sold Price
$282,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Muhlenberg Township have sold for 13% more than they did a year ago.
Summary: The median home sold price in Muhlenberg Township was $282,500 in May 2024, up 13% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.5K | $205K | +6.5% |
| 3 Bedrooms | $250K | $270K | +8.0% |
| 4 Bedrooms | $305K | $305K | 0.0% |
| 5+ Bedrooms | $307.5K | $385K | +25.2% |
Summary: Muhlenberg Township 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 increased by 6.5%, 3 bedroom homes increased by 8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 25.2%.
Median Sold Price Compared To Nearby Cities
| Bern Township | $315K | $359.9K | +14.3% |
| Muhlenberg Township | $250K | $282.5K | +13.0% |
| Laureldale | $195K | $215K | +10.3% |
| Temple | $233.5K | $250K | +7.1% |
| Ontelaunee Township | $342.3K | $359.9K | +5.1% |
Housing Supply in Muhlenberg Township, PA
How many homes are available in Muhlenberg Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 58 | +9.4% |
Summary: The Muhlenberg Township real estate market had 58 homes for sale in May 2024, a 9.4% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Muhlenberg Township 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 increased by 100%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muhlenberg 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 Muhlenberg Township in May 2024, the same as the previous month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Muhlenberg Township, PA
How long does it take to sell a home in Muhlenberg Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +3.0% |
Summary: Homes in Muhlenberg Township had an average of 23 days on market in May 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Muhlenberg Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Muhlenberg Township; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
