PA · Metro #70

Allentown - PA housing market

The Allentown metro has a typical home value of $370,184, up 3.2% from a year ago. Homes are moving fast at 8 days on market, a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$370,184
+3.2% vs. year ago
Median sale price
$335,225
+3.9% YoY
Median list price
$371,300
Sale-to-list ratio
100.8%
Selling above ask
Days on market
8d
Listings w/ price cut
17.1%
New listings / mo
1,018
+6.7% YoY
Homes for sale
2,104
+6.9% YoY
Typical rent
$1,861/mo
+3.8% YoY
Context

How to read this data

The typical home value ($370,184) 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 3.2% over the past year. In Allentown - PA, that means a home worth $358,705 last year is now worth roughly $370,184.

The median sale price , what homes actually close for , is $335,225. Homes are selling at 100.8% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Allentown - PA sit on the market for roughly 8 days before going pending. Shorter = seller's market; longer = buyer's market.

About 17.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,018 new listings hit the market each month in Allentown - PA. There are currently 2,104 homes for sale, up 6.9% from a year ago.

The typical monthly rent in Allentown - PA is $1,861, up 3.8% year over year. For investors, the price-to-rent ratio here is roughly 17x 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$394,762 +2.5% 10.0d
Pittsburgh - PA$235,539 +0.6% 9.0d
Harrisburg - PA$314,931 +3.3% 7.0d
Scranton - PA$236,367 +1.4% 13.0d
Lancaster - PA$392,781 +4.7% 5.0d
York - PA$313,193 +3.3% 6.0d
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