Is London Grove 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, London Grove Township has remained a Seller's Market.
Key Takeaway
London Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in London Grove Township, PA
How much do homes in London Grove Township, PA cost?
Median Sold Price
$530,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in London Grove Township have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in London Grove Township was $530,000 in March 2024, up 14.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $424.3K | $499.5K | +17.7% |
| 3 Bedrooms | $351K | $410K | +16.8% |
| 4 Bedrooms | $536K | $575K | +7.3% |
| 5+ Bedrooms | $635K | $630K | -0.8% |
Summary: London Grove Township 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 17.7%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Avondale | $460K | $550K | +19.6% |
| London Grove Township | $462.7K | $530K | +14.5% |
| Landenberg | $539.5K | $600K | +11.2% |
| New Garden Township | $546.5K | $577.5K | +5.7% |
Housing Supply in London Grove Township, PA
How many homes are available in London Grove Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Summary: The London Grove Township real estate market had 29 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The London Grove Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in London Grove Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in London Grove Township in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for London Grove Township, PA
How long does it take to sell a home in London Grove Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 5 Days | 26 Days | +395.2% |
Summary: Homes in London Grove Township had an average of 26 days on market in Mar 2024, up by 395.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in London Grove Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in London Grove Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
