Is Whitpain 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, Whitpain Township has remained a Seller's Market.
Housing Prices in Whitpain Township, PA
How much do homes in Whitpain Township, PA cost?
Median Sold Price
$655,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Whitpain Township was $655,000 in May 2024, up 11% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $251.4K | $252.5K | 0.4% |
2 Bedrooms | $361K | $352.5K | -2.4% |
3 Bedrooms | $515K | $603.5K | +17.2% |
4 Bedrooms | $685K | $737.5K | +7.7% |
5+ Bedrooms | $957.5K | $950K | -0.8% |
Summary: Whitpain Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
Ambler | $551K | $650.6K | +18.1% |
Blue Bell | $550K | $642.2K | +16.8% |
Whitpain Township | $590K | $655K | +11.0% |
Plymouth Meeting | $486K | $520K | +7.0% |
Lower Gwynedd Township | $751.2K | $747.4K | -0.5% |
Housing Supply in Whitpain Township, PA
How many homes are available in Whitpain Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 56 | +7.7% |
Summary: The Whitpain Township real estate market had 56 homes for sale in May 2024, a 7.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 13 | 19 | +46.2% |
4 Bedrooms | 21 | 18 | -14.3% |
5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Whitpain Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 46.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 17 | +142.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Whitpain Township in May 2024, up by 142.9% month-over-month. Of the 17 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.
Days on Market for Whitpain Township, PA
How long does it take to sell a home in Whitpain Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 19 Days | +56.7% |
Summary: Homes in Whitpain Township had an average of 19 days on market in May 2024, up by 56.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Whitpain Township; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.