Is Abington Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Abington Township was a Neutral Market.
Housing Prices in Abington Township, PA
How much do homes in Abington Township, PA cost?
Median Sold Price
$407,847
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Abington Township was $407,847 in February 2024, up 5.9% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136K | $111.5K | -18.0% |
2 Bedrooms | $262.5K | $267.4K | +1.9% |
3 Bedrooms | $370K | $385.3K | +4.1% |
4 Bedrooms | $460.5K | $485K | +5.3% |
5+ Bedrooms | $725K | $674.9K | -6.9% |
Summary: Abington Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Cities
Jenkintown | $413.7K | $455K | +10.0% |
Abington Township | $385K | $407.8K | +5.9% |
Rockledge | $335.5K | $355K | +5.8% |
Lower Moreland Township | $601K | $575K | -4.3% |
Housing Supply in Abington Township, PA
How many homes are available in Abington Township, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
190 | 185 | -2.6% |
Summary: The Abington Township real estate market had 185 homes for sale in February 2024, a 2.6% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 20 | 22 | +10.0% |
3 Bedrooms | 84 | 78 | -7.1% |
4 Bedrooms | 49 | 48 | -2.0% |
5+ Bedrooms | 36 | 35 | -2.8% |
Summary: The Abington Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 2.8%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
39 | 31 | -20.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Abington Township in February 2024, down by 20.5% month-over-month. Of the 31 sold homes, 45% were sold under asking, 19% were sold at asking, and 35% were sold over asking.
Days on Market for Abington Township, PA
How long does it take to sell a home in Abington Township, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
26 Days | 48 Days | +78.2% |
Summary: Homes in Abington Township had an average of 48 days on market in Feb 2024, up by 78.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 31 homes were sold in Abington Township; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.