Is Lower Towamensing Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lower Towamensing Township has remained a Seller's Market.
Key Takeaway
Lower Towamensing Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Towamensing Township, PA
How much do homes in Lower Towamensing Township, PA cost?
Median Sold Price
$250,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lower Towamensing Township have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Lower Towamensing Township was $250,000 in May 2024, down 1.9% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $360K | N/A |
| 2 Bedrooms | $240K | $277K | +15.4% |
| 3 Bedrooms | $259.5K | $251K | -3.3% |
| 4 Bedrooms | $285K | $209K | -26.7% |
| 5+ Bedrooms | $487.5K | $187.8K | -61.5% |
Summary: Lower Towamensing 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 15.4%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 61.5%.
Median Sold Price Compared To Nearby Cities
| Lehigh Township | $321.2K | $348K | +8.3% |
| Palmerton | $216K | $227.5K | +5.3% |
| Lower Towamensing Township | $254.9K | $250K | -1.9% |
Housing Supply in Lower Towamensing Township, PA
How many homes are available in Lower Towamensing Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Summary: The Lower Towamensing Township real estate market had 3 homes for sale in May 2024, a 62.5% decrease 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 | 6 | 2 | -66.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lower Towamensing 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 decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Towamensing Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Lower Towamensing Township in May 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lower Towamensing Township, PA
How long does it take to sell a home in Lower Towamensing Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 71 Days | +82.8% |
Summary: Homes in Lower Towamensing Township had an average of 71 days on market in May 2024, up by 82.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lower Towamensing Township has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Lower Towamensing Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
