Is Limerick Township, 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, Limerick Township has remained a Seller's Market.
Key Takeaway
Limerick Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Limerick Township, PA
How much do homes in Limerick Township, PA cost?
Median Sold Price
$462,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Limerick Township have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in Limerick Township was $462,500 in March 2024, up 17.7% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $225K | +12.6% |
| 2 Bedrooms | $245K | $280K | +14.3% |
| 3 Bedrooms | $385K | $469.9K | +22.1% |
| 4 Bedrooms | $630K | $649K | +3.0% |
| 5+ Bedrooms | $650K | $733.2K | +12.8% |
Summary: Limerick Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Limerick Township | $393K | $462.5K | +17.7% |
| Royersford | $345K | $405K | +17.4% |
| Pottstown | $265.2K | $304.6K | +14.8% |
| Lower Pottsgrove Township | $350K | $342.5K | -2.1% |
| East Vincent Township | $577K | $500K | -13.3% |
Housing Supply in Limerick Township, PA
How many homes are available in Limerick Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 48 | +6.7% |
Summary: The Limerick Township real estate market had 48 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Limerick Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Limerick Township, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Limerick Township in March 2024, up by 120.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for Limerick Township, PA
How long does it take to sell a home in Limerick Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 8 Days | -51.7% |
Summary: Homes in Limerick Township had an average of 8 days on market in Mar 2024, down by 51.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Limerick Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Limerick Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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