Is Abington Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Abington Township is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Abington Township was a Neutral Market.

Key Takeaway

Abington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$22,847(+5.9%)

Key Takeaway

Homes in Abington Township have sold for 5.9% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $136K$111.5K
-18.0%
2 $262.5K$267.4K
+1.9%
3 $370K$385.3K
+4.1%
4 $460.5K$485K
+5.3%
5+ $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
+10.0%
Abington Township
+5.9%
Rockledge
+5.8%
Lower Moreland Township
-4.3%

Housing Supply in Abington Township, PA

How many homes are available in Abington Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
190185-2.6%

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

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 2022
+10.0%
3 8478
-7.1%
4 4948
-2.0%
5+ 3635
-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 2024Feb 2024CHANGE
3931-20.5%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Abington Township, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
26 Days48 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Abington Township are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Abington Township, PA

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