Is Lower Pottsgrove Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lower Pottsgrove Township was a Seller's Market.
Key Takeaway
Lower Pottsgrove Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lower Pottsgrove Township, PA
How much do homes in Lower Pottsgrove Township, PA cost?
Median Sold Price
$342,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lower Pottsgrove Township have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Lower Pottsgrove Township was $342,500 in May 2024, down 2.1% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $222.5K | $230K | +3.4% |
| 3 Bedrooms | $338.9K | $318.5K | -6.0% |
| 4 Bedrooms | $390.5K | $410K | +5.0% |
| 5+ Bedrooms | $412.4K | $449.9K | +9.1% |
Summary: Lower Pottsgrove Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 9.1%.
Housing Supply in Lower Pottsgrove Township, PA
How many homes are available in Lower Pottsgrove Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Lower Pottsgrove Township real estate market had 28 homes for sale in May 2024, a 3.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lower Pottsgrove Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Pottsgrove Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Lower Pottsgrove Township in May 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Lower Pottsgrove Township, PA
How long does it take to sell a home in Lower Pottsgrove Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 29 Days | +161.0% |
Summary: Homes in Lower Pottsgrove Township had an average of 29 days on market in May 2024, up by 161% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Pottsgrove Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Lower Pottsgrove Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
