Lehigh Valley home prices rise to $360,000 amid tight inventory
Median sales price in the Lehigh Valley rose 4.3% to $360,000 as limited listings and low months’ supply keep upward pressure on prices.
t’s getting even more expensive to buy a home across Pennsylvania — especially in the Lehigh Valley.
The Pennsylvania Association of Realtors reports that median home prices rose year-over-year for the third month in a row, reaching $315,000 in April.
PAR said median home sale prices have jumped nearly 19% since the beginning of the year.
Last month, the price was up 7.4% compared to the same time last year and up 5% over March.
However, that figure is down 8% compared to the same time last year.
In the Lehigh Valley, Greater Lehigh Valley Realtors reported that the median sales price grew 4.3% to $360,000, up from $345,000.
The percentage of list price received increased to 101.4%, a change of 0.1%.
“Home prices have continued to rise this year in many markets throughout the commonwealth,” said PAR’s 2026 President David Dean. “Limited housing supply, steady buyer demand and homeowners staying in place longer have helped keep upward pressure on home prices.”
Statewide, the number of listings on the market is up from the previous month, although down compared to the same time last year. There were more than 40,000 listings in April, compared to 37,260 in March.
In the Lehigh Valley, inventory slipped 6.3%, with 643 units available in April across Lehigh and Northampton counties.
Tight inventory and higher prices are impacting the market.
Statewide, sales increased by more than 15% compared to the previous month, hitting over 9,400 in April.
In the Lehigh Valley, pending home sales surged 18.5% year over year while inventory remained limited at 1.2 months’ supply.
Closed sales were actually down in the Lehigh valley, decreasing 16.1%.
“Nationally, affordability concerns and limited inventory continue to shape buyer behavior, and we’re seeing similar trends here in the Lehigh Valley,” said GLVR CEO Justin Porembo. “Buyers who may have previously focused solely on existing homes are increasingly looking at new construction communities, particularly as builders continue adding inventory and offering move-in-ready opportunities.”
Sales of newly built single-family homes jumped 7.4% in March compared to February, and sales were up 3.3% from a year ago, according to the Commerce Department.
Builders cited tight supply in the existing-home market as a key driver fueling recent demand in new construction.
“While affordability remains a challenge across much of the Northeast, the Lehigh Valley continues to stand out as an attractive market for buyers seeking value and opportunity,” said GLVR President Cliff Lewis. “The Northeast median home price topped $510,000 in April, while the Lehigh Valley median sales price came in at $360,000. That relative affordability, paired with strong demand and quality-of-life amenities, continues to make our region a destination.”