News Summary
In May 2025, the Greater Lehigh Valley housing market remained resilient, experiencing a drop in closed sales yet an increase in pending sales. Closed sales decreased by 11.4% year-over-year, but pending sales rose by 5%. Despite challenges in inventory, median sales price climbed to $345,000, reflecting strong buyer interest. Trends in Carbon County showed a contrasting decline in median price, indicating differences across regions. Overall, the state of Pennsylvania saw a positive sign with an increase in sales compared to the previous month, suggesting a thriving market driven by local factors.
Pennsylvania – The Greater Lehigh Valley housing market demonstrated remarkable resilience in May 2025, with increased demand for homes despite a notable decline in closed sales. As reported by the Greater Lehigh Valley Realtors, there were 515 closed sales last month, reflecting an 11.4% decrease compared to the same period last year. This decline, however, did not dampen the overall enthusiasm among buyers, as pending sales rose by 5%, reaching a total of 654 in May.
In an environment where housing inventory continues to be a challenge, the Lehigh Valley area saw a slight inventory drop of 2.6%, leaving 700 homes available on the market in Lehigh and Northampton counties. Nevertheless, homes remained highly sought after, with the average time on the market only hitting 19 days. This rapid sale pace indicates strong buyer interest amid ongoing inventory constraints.
Despite the challenges, the median sales price for homes in the Lehigh Valley also experienced an uptick, climbing 4.4% to settle at $345,000. Driven by a 5% increase in new listings—amounting to 803 offerings—homeowners are continuing to capitalize on local buyer urgency, contributing to a more dynamic market.
Carbon County Trends
The housing market trends in Carbon County presented a different picture. The median sales price here decreased to $225,000, with closed sales declining to 53. However, pending sales rose to 77, indicating persistent buyer interest in this category, even as new listings dipped slightly to 96. The available inventory in Carbon County fell to 177 units, further complicating options for prospective buyers.
Comparative Market Analysis
When comparing regional statistics to statewide figures in Pennsylvania, it becomes clear that the Lehigh Valley still offers more affordability. The median sales price for homes nationwide sits at $414,000—meaning Lehigh Valley homes are priced $69,000 lower than the national average. Across Pennsylvania, the overall home inventory and prices showed notable growth in May, with listings climbing over 12% year-over-year to exceed 41,100. The statewide median sales price also saw an increase of over 6%, standing at $305,000.
Despite a small year-over-year decline of 3.8% for home sales compared to May 2024, Pennsylvania did see a 16% rise in sales when compared to the previous month, totaling 10,635 sales—a positive sign for the overall housing market.
Market Outlook
Real estate professionals highlight that the influx of listings in Pennsylvania is enhancing opportunities for buyers while simultaneously supporting strong home values for sellers. Overall, the Lehigh Valley market, while contending with national affordability stretches and inventory shortages, is exhibiting a strong level of confidence from buyers and maintaining steady demand. Given the current trends and statistics, it appears that the market could continue to thrive, driven by local factors that have so far insulated it from broader economic challenges.
Deeper Dive: News & Info About This Topic
- Lehigh Valley Realtors Report: May Homes Sales
- Lehigh Valley Live: May Market Report
- Lehigh Valley Trends: Housing Inventory and Sales
- Lehigh Valley Live: Homes Under $500,000
- Wikipedia: Real Estate
