Is Upper Dublin 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, Upper Dublin Township has remained a Seller's Market.
Key Takeaway
Upper Dublin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Dublin Township, PA
How much do homes in Upper Dublin Township, PA cost?
Median Sold Price
$570,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Upper Dublin Township have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Upper Dublin Township was $570,000 in May 2024, up 3.6% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181.5K | $202K | +11.3% |
| 2 Bedrooms | $310.7K | $350K | +12.6% |
| 3 Bedrooms | $485K | $480K | -1.0% |
| 4 Bedrooms | $612.5K | $650K | +6.1% |
| 5+ Bedrooms | $652.5K | $767.5K | +17.6% |
Summary: Upper Dublin Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 12.6%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
| Ambler | $551K | $650.6K | +18.1% |
| Horsham | $365K | $400K | +9.6% |
| Fort Washington | $600K | $650K | +8.3% |
| Upper Dublin Township | $550K | $570K | +3.6% |
| Dresher | $601K | $565K | -6.0% |
Housing Supply in Upper Dublin Township, PA
How many homes are available in Upper Dublin Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 92 | +17.9% |
Summary: The Upper Dublin Township real estate market had 92 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 31 | 43 | +38.7% |
| 4 Bedrooms | 30 | 33 | +10.0% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Upper Dublin Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 38.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Dublin Township, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Upper Dublin Township in May 2024, up by 5.9% month-over-month. Of the 18 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% were sold over asking.
Days on Market for Upper Dublin Township, PA
How long does it take to sell a home in Upper Dublin Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 22 Days | +32.5% |
Summary: Homes in Upper Dublin Township had an average of 22 days on market in May 2024, up by 32.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Dublin Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Upper Dublin Township; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
