Is Lower Nazareth Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lower Nazareth Township was a Seller's Market.
Housing Prices in Lower Nazareth Township, PA
How much do homes in Lower Nazareth Township, PA cost?
Median Sold Price
$435,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lower Nazareth Township was $435,000 in April 2024, up 1.2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $321.2K | - | N/A |
3 Bedrooms | $390K | $420K | +7.7% |
4 Bedrooms | $536K | $537.1K | 0.2% |
5+ Bedrooms | $887.5K | $475K | -46.5% |
Summary: Lower Nazareth Township 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 did not change, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 46.5%.
Median Sold Price Compared To Nearby Cities
Nazareth | $303K | $405K | +33.7% |
Palmer Township | $334K | $358.3K | +7.3% |
Lower Nazareth Township | $430K | $435K | +1.2% |
Bethlehem Township | $353K | $336.2K | -4.8% |
Upper Nazareth Township | $449.5K | $364.5K | -18.9% |
Housing Supply in Lower Nazareth Township, PA
How many homes are available in Lower Nazareth Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Summary: The Lower Nazareth Township real estate market had 13 homes for sale in April 2024, a 30.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Lower Nazareth Township 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 66.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Lower Nazareth Township in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Lower Nazareth Township, PA
How long does it take to sell a home in Lower Nazareth Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 8 Days | -84.1% |
Summary: Homes in Lower Nazareth Township had an average of 8 days on market in Apr 2024, down by 84.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Lower Nazareth Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.