Is Lansdale, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lansdale has remained a Seller's Market.
Key Takeaway
Lansdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lansdale, PA
How much do homes in Lansdale, PA cost?
Median Sold Price
$409,040
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Lansdale has remained the same since last year.
Summary: The median home sold price in Lansdale was $409,040 in March 2024, up 0.3% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $195K | +8.3% |
| 2 Bedrooms | $229.9K | $265K | +15.3% |
| 3 Bedrooms | $395K | $380K | -3.8% |
| 4 Bedrooms | $509.9K | $549.5K | +7.7% |
| 5+ Bedrooms | $538.4K | $592.5K | +10.0% |
Summary: Lansdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 15.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
| Montgomery Township | $460.5K | $500K | +8.6% |
| Upper Gwynedd Township | $467.5K | $500K | +7.0% |
| Lansdale | $408K | $409K | 0.3% |
| Hatfield Township | $460K | $457.5K | -0.5% |
| Towamencin Township | $490K | $386K | -21.2% |
Housing Supply in Lansdale, PA
How many homes are available in Lansdale, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 120 | 120 | 0.0% |
Summary: The Lansdale real estate market had 120 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 52 | 48 | -7.7% |
| 4 Bedrooms | 38 | 44 | +15.8% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Lansdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 34 | +70.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lansdale, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Lansdale in March 2024, up by 70.0% month-over-month. Of the 34 sold homes, 18% were sold under asking, 24% were sold at asking, and 59% were sold over asking.
Days on Market for Lansdale, PA
How long does it take to sell a home in Lansdale, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 15 Days | -27.9% |
Summary: Homes in Lansdale had an average of 15 days on market in Mar 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lansdale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 34 homes were sold in Lansdale; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
