Is Nether Providence 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, Nether Providence Township has remained a Seller's Market.
Key Takeaway
Nether Providence Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nether Providence Township, PA
How much do homes in Nether Providence Township, PA cost?
Median Sold Price
$450,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nether Providence Township have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Nether Providence Township was $450,000 in May 2024, up 17.6% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143K | $168K | +17.5% |
| 2 Bedrooms | $195.5K | $234.2K | +19.8% |
| 3 Bedrooms | $339.5K | $415K | +22.2% |
| 4 Bedrooms | $626K | $585K | -6.5% |
| 5+ Bedrooms | $695K | $705K | +1.4% |
Summary: Nether Providence Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Wallingford | $332.5K | $450K | +35.3% |
| Nether Providence Township | $382.5K | $450K | +17.6% |
| Rose Valley | $777.5K | $809K | +4.1% |
| Media | $571.7K | $575K | +0.6% |
| Swarthmore | $497.5K | $382.5K | -23.1% |
Housing Supply in Nether Providence Township, PA
How many homes are available in Nether Providence Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 41 | -2.4% |
Summary: The Nether Providence Township real estate market had 41 homes for sale in May 2024, a 2.4% 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 | 7 | 8 | +14.3% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Nether Providence 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 increased by 14.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nether Providence Township, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Nether Providence Township in May 2024, down by 23.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% were sold over asking.
Days on Market for Nether Providence Township, PA
How long does it take to sell a home in Nether Providence Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 9 Days | -70.1% |
Summary: Homes in Nether Providence Township had an average of 9 days on market in May 2024, down by 70.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nether Providence Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Nether Providence Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
