Is Ambler, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Ambler was a Seller's Market.
Key Takeaway
Ambler is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ambler, PA
How much do homes in Ambler, PA cost?
Median Sold Price
$642,250
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ambler have sold for 26.6% more than they did a year ago.
Summary: The median home sold price in Ambler was $642,250 in March 2024, up 26.6% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $202K | N/A |
| 2 Bedrooms | $319.9K | $355K | +11.0% |
| 3 Bedrooms | $431.5K | $510.5K | +18.3% |
| 4 Bedrooms | $615K | $738.7K | +20.1% |
| 5+ Bedrooms | $1.1M | $1.1M | +5.8% |
Summary: Ambler housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Ambler | $507.5K | $642.2K | +26.6% |
| Upper Dublin Township | $546.4K | $560.7K | +2.6% |
| Lower Gwynedd Township | $775K | $729K | -5.9% |
Housing Supply in Ambler, PA
How many homes are available in Ambler, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 143 | 144 | +0.7% |
Summary: The Ambler real estate market had 144 homes for sale in March 2024, a 0.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 59 | 61 | +3.4% |
| 4 Bedrooms | 52 | 52 | 0.0% |
| 5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The Ambler housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ambler, you could pay more than the asking price. 68.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Ambler in March 2024, up by 11.8% month-over-month. Of the 19 sold homes, 26% were sold under asking, 5% were sold at asking, and 68% were sold over asking.
Days on Market for Ambler, PA
How long does it take to sell a home in Ambler, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 31 Days | +9.7% |
Summary: Homes in Ambler had an average of 31 days on market in Mar 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ambler are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Ambler; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
