Market Report & Homes Sales: Coopersburg PA 18036 for November 2014
The median sales price for homes in Coopersburg PA for August 14 to November 14 was $204,515. This represents a decline of 23.6%, or $63,165, compared to the prior quarter and a decrease of 28.2% compared to the prior year.
Sales prices have depreciated 10.4% over the last 5 years in Coopersburg. The average listing price for Coopersburg homes for sale was $404,835 for the week ending November 19, which represents an increase of 1.5%, or $6,020, compared to the prior week and a decline of 0.3%, or $1,286, compared to the week ending October 29.
Average price per square foot for Coopersburg PA was $128, a decrease of 8.6% compared to the same period last year.
Coopersburg Summary
The median sales price for homes in Coopersburg PA for August 14 to November 14 was $204,515 based on 30 home sales. Compared to the same period one year ago, the median home sales price decreased 28.2%, or $80,485, and the number of home sales decreased 40%.
There are currently 229 resale and new homes in Coopersburg including 4 open houses, as well as 19 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
The average listing price for homes for sale in Coopersburg PA was $404,835 for the week ending November 19, which represents an increase of 1.5%, or $6,020, compared to the prior week.
Buying vs. Renting?
AND THE WINNER IS . . .
Is it better to buy or rent? Whether renting is better than buying depends on many factors. Low mortgage rates are helping to keep home buying more affordable. According to one analysis homeownership is 38% cheaper than renting in the 100 largest metro areas.
Assuming the following:
- Buy a home with 20% down, borrowing the rest over 30 years at a fixed rate of 4.5%.
- Itemize your federal tax deductions and are in the 25% tax bracket
- Stay in your home for at least seven years
- Home prices appreciate at a fairly conservative 2% annual rate
Source: Trend MLS and Realtor.com
Comments(3)