Is Alburtis, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Alburtis has remained a Seller's Market.
Key Takeaway
Alburtis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alburtis, PA
How much do homes in Alburtis, PA cost?
Median Sold Price
$321,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Alburtis have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Alburtis was $321,000 in April 2024, up 10.7% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215.6K | $250K | +15.9% |
| 3 Bedrooms | $287K | $321K | +11.8% |
| 4 Bedrooms | $419.2K | $320K | -23.7% |
| 5+ Bedrooms | $307.5K | $525K | +70.7% |
Summary: Alburtis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 23.7%, and 5+ bedroom homes increased by 70.7%.
Median Sold Price Compared To Nearby Cities
| Alburtis | $290K | $321K | +10.7% |
| Lower Macungie Township | $382.1K | $412K | +7.8% |
| Alburtis | $318.5K | $317.5K | -0.3% |
Housing Supply in Alburtis, PA
How many homes are available in Alburtis, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Alburtis real estate market had 15 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Alburtis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alburtis, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Alburtis in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Alburtis, PA
How long does it take to sell a home in Alburtis, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 23 Days | -16.4% |
Summary: Homes in Alburtis had an average of 23 days on market in Apr 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alburtis are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Alburtis; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
