Is Lansdowne, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lansdowne is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Lansdowne has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lansdowne, PA

How much do homes in Lansdowne, PA cost?

Median Sold Price

$250,000

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$25,000(+11.1%)

Key Takeaway

Homes in Lansdowne have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Lansdowne was $250,000 in September 2024, up 11.1% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $91.5K$112.5K
+23.0%
2 $142.5K$165.6K
+16.2%
3 $212K$245K
+15.6%
4 $280K$278K
-0.7%
5+ $290K$369K
+27.2%

Summary: Lansdowne housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 27.2%.

Median Sold Price Compared To Nearby Cities

Yeadon
+16.7%
Lansdowne
+11.1%
Clifton Heights
+7.4%
Drexel Hill
+6.0%
Upper Darby Township
+5.2%

Housing Supply in Lansdowne, PA

How many homes are available in Lansdowne, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8682-4.7%

Summary: The Lansdowne real estate market had 82 homes for sale in September 2024, a 4.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 54
-20.0%
2 73
-57.1%
3 4443
-2.3%
4 1519
+26.7%
5+ 1513
-13.3%

Summary: The Lansdowne housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 57.1%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 13.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2319-17.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lansdowne, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Lansdowne in September 2024, down by 17.4% month-over-month. Of the 19 sold homes, 47% were sold under asking, 37% were sold at asking, and 16% were sold over asking.

Days on Market for Lansdowne, PA

How long does it take to sell a home in Lansdowne, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
32 Days45 Days+39.3%

Summary: Homes in Lansdowne had an average of 45 days on market in Sep 2024, up by 39.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 19 homes were sold in Lansdowne; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% 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 Sep 1, 2024

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