Allentown, NJ 08501 Market Trends: July 2026

Welcome to the Allentown, New Jersey housing market update for July 2026, covering Single Family homes, Condos, Townhouses, and Apartments.

Q: Are prices rising?

A: Yes, prices are on the rise. The median sold price increased by 8% month-over-month, reaching $675,000.

Q: How is the inventory?

A: Inventory levels have experienced a significant increase over the past year, with a 132% rise, although there was a slight 6% decrease in the last month. Currently, there is a 3.2 months supply of inventory, indicating a moderately competitive market.

Q: How long are homes staying on the market?

A: Homes are selling faster on average, with the median days in RPR for sold listings doubling month-over-month to 22 days. New pending listings have a slightly longer median of 39 days.

Q: What’s happening with new and active listings?

A: The market has 8 new listings with a median list price of $712,475, which matches the median price of the 16 active listings. For pending listings, the median list price is slightly lower at $649,745, suggesting potential negotiation opportunities for buyers.

Allentown is known for its charming downtown area and beautiful parks, providing a pleasant environment for residents. Buyers should consider the upward price trends and quick market pace when planning their purchase strategy.

For a detailed discussion and personalized advice, reach out to one of our ERA Central Realty Group agents.