Is Towamencin Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Towamencin Township has remained a Seller's Market.
Housing Prices in Towamencin Township, PA
How much do homes in Towamencin Township, PA cost?
Median Sold Price
$422,450
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Towamencin Township was $422,450 in April 2024, down 8.2% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $195K | +8.3% |
2 Bedrooms | $237K | $260K | +9.7% |
3 Bedrooms | $396K | $375K | -5.3% |
4 Bedrooms | $585.9K | $577.4K | -1.5% |
5+ Bedrooms | $625K | $607.5K | -2.8% |
Summary: Towamencin Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
Upper Gwynedd Township | $447.5K | $509K | +13.7% |
Lansdale | $410K | $414.9K | +1.2% |
Lower Salford Township | $545K | $515K | -5.5% |
Towamencin Township | $460K | $422.4K | -8.2% |
Housing Supply in Towamencin Township, PA
How many homes are available in Towamencin Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 42 | -4.5% |
Summary: The Towamencin Township real estate market had 42 homes for sale in April 2024, a 4.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 9 | 4 | -55.6% |
3 Bedrooms | 18 | 19 | +5.6% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Towamencin Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 55.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 8 | -57.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Towamencin Township in April 2024, down by 57.9% month-over-month. Of the 8 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Towamencin Township, PA
How long does it take to sell a home in Towamencin Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 4 Days | -19.8% |
Summary: Homes in Towamencin Township had an average of 4 days on market in Apr 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Towamencin 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.