PA · Metro #70

Allentown - PA housing market

The Allentown metro has a typical home value of $360,509, up 3.0% from a year ago. Homes are moving fast at 10 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$360,509
+3.0% vs. year ago
Median sale price
$330,709
+2.7% YoY
Median list price
$349,316
Sale-to-list ratio
99.4%
Selling below ask
Days on market
10d
Listings w/ price cut
15.1%
New listings / mo
784
+5.2% YoY
Homes for sale
1,721
+5.3% YoY
Typical rent
$1,825/mo
+3.4% YoY
Context

How to read this data

The typical home value ($360,509) is the Zillow Home Value Index for the Allentown - PA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 3.0% over the past year. In Allentown - PA, that means a home worth $350,009 last year is now worth roughly $360,509.

The median sale price , what homes actually close for , is $330,709. Homes are selling at 99.4% of list price, meaning buyers have room to negotiate.

Homes listed in Allentown - PA sit on the market for roughly 10 days before going pending. Shorter = seller's market; longer = buyer's market.

About 15.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 784 new listings hit the market each month in Allentown - PA. There are currently 1,721 homes for sale, up 5.3% from a year ago.

The typical monthly rent in Allentown - PA is $1,825, up 3.4% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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Related

Other metros in PA

MetroHome value1-yr changeDays on market
Philadelphia - PA$386,647 +2.6% 11.0d
Pittsburgh - PA$228,113 +1.1% 15.0d
Harrisburg - PA$308,987 +3.6% 8.0d
Scranton - PA$223,921 +1.6% 17.0d
Lancaster - PA$385,243 +4.5% 5.0d
York - PA$307,295 +3.7% 7.0d
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