Is Upper 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
At the same time last year, Upper Providence Township was a Seller's Market.
Housing Prices in Upper Providence Township, PA
How much do homes in Upper Providence Township, PA cost?
Median Sold Price
$484,950
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Upper Providence Township was $484,950 in May 2024, up 5.2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.9K | $175.5K | +17.0% |
2 Bedrooms | $202.5K | $280K | +38.3% |
3 Bedrooms | $391.4K | $442.5K | +13.1% |
4 Bedrooms | $673.7K | $721.1K | +7.0% |
5+ Bedrooms | $897.7K | $887.5K | -1.1% |
Summary: Upper 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%, 2 bedroom homes increased by 38.3%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
Upper Providence Township | $461K | $484.9K | +5.2% |
Phoenixville | $425K | $445K | +4.7% |
Trappe | $397.5K | $395K | -0.6% |
Collegeville | $539.8K | $505K | -6.4% |
Housing Supply in Upper Providence Township, PA
How many homes are available in Upper Providence Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 65 | +18.2% |
Summary: The Upper Providence Township real estate market had 65 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 31 | 27 | -12.9% |
4 Bedrooms | 14 | 24 | +71.4% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Upper 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 25%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 9 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Upper Providence Township in May 2024, down by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Upper Providence Township, PA
How long does it take to sell a home in Upper Providence Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 31 Days | +144.6% |
Summary: Homes in Upper Providence Township had an average of 31 days on market in May 2024, up by 144.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Upper Providence 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.