Is Lower Moreland 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, Lower Moreland Township was a Seller's Market.
Housing Prices in Lower Moreland Township, PA
How much do homes in Lower Moreland Township, PA cost?
Median Sold Price
$569,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lower Moreland Township was $569,000 in May 2024, down 3.1% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $300K | N/A |
2 Bedrooms | $360K | $375K | +4.2% |
3 Bedrooms | $480K | $532K | +10.8% |
4 Bedrooms | $620K | $655K | +5.6% |
5+ Bedrooms | $780K | $720K | -7.7% |
Summary: Lower Moreland 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 4.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Cities
Upper Moreland Township | $380K | $400K | +5.3% |
Upper Southampton Township | $422.5K | $440K | +4.1% |
Lower Southampton Township | $425K | $440K | +3.5% |
Lower Moreland Township | $587K | $569K | -3.1% |
Housing Supply in Lower Moreland Township, PA
How many homes are available in Lower Moreland Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 48 | +33.3% |
Summary: The Lower Moreland Township real estate market had 48 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 13 | 21 | +61.5% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Lower Moreland 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 61.5%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Lower Moreland Township in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lower Moreland Township, PA
How long does it take to sell a home in Lower Moreland Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 5 Days | -74.4% |
Summary: Homes in Lower Moreland Township had an average of 5 days on market in May 2024, down by 74.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Lower Moreland Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.