Is Upper Salford 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, Upper Salford Township has remained a Seller's Market.
Key Takeaway
Upper Salford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Salford Township, PA
How much do homes in Upper Salford Township, PA cost?
Median Sold Price
$562,500
$230/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Upper Salford Township have sold for 6.2% less than they did a month ago.
Summary: The median home sold price in Upper Salford Township was $562,500 in May 2024, down 6.3% from last month, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $528.7K | N/A |
| 4 Bedrooms | $600K | $830K | +38.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Upper Salford 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 did not change, 4 bedroom homes increased by 38.3%, and 5+ bedroom homes did not change.
Housing Supply in Upper Salford Township, PA
How many homes are available in Upper Salford Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Upper Salford Township real estate market had 8 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Upper Salford 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 100%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Salford Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Upper Salford Township in May 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Upper Salford Township, PA
How long does it take to sell a home in Upper Salford Township, PA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 8 Days | +8.3% |
Summary: Homes in Upper Salford Township had an average of 8 days on market in May 2024, up by 8.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Salford Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Upper Salford 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.
