Is Longswamp Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Longswamp Township has remained a Seller's Market.
Key Takeaway
Longswamp Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Longswamp Township, PA
How much do homes in Longswamp Township, PA cost?
Median Sold Price
$380,450
$159/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Longswamp Township have sold for 4.9% less than they did a month ago.
Summary: The median home sold price in Longswamp Township was $380,450 in May 2024, down 4.9% from last month, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $312.5K | $408K | +30.6% |
| 4 Bedrooms | $450K | $429.9K | -4.5% |
| 5+ Bedrooms | - | $325K | N/A |
Summary: Longswamp Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 30.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes did not change.
Housing Supply in Longswamp Township, PA
How many homes are available in Longswamp Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Longswamp Township real estate market had 12 homes for sale in May 2024, a 7.7% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Longswamp 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 increased by 20%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Longswamp Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Longswamp Township in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Longswamp Township, PA
How long does it take to sell a home in Longswamp Township, PA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 29 Days | +416.2% |
Summary: Homes in Longswamp Township had an average of 29 days on market in May 2024, up by 416.2% compared to last month.
Breakdown of Home Sale Times
3 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 Longswamp Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Longswamp Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
