Is Longswamp Township, 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, Longswamp Township was a Seller's Market.
Key Takeaway
Longswamp Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Longswamp Township, PA
How much do homes in Longswamp Township, PA cost?
Median Sold Price
$322,450
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Longswamp Township have sold for 57.3% more than they did a year ago.
Summary: The median home sold price in Longswamp Township was $322,450 in March 2024, up 57.3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $195K | $195K | 0.0% |
| 3 Bedrooms | $226K | $360K | +59.3% |
| 4 Bedrooms | $300K | $355K | +18.3% |
| 5+ Bedrooms | - | $685K | N/A |
Summary: Longswamp 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 did not change, 3 bedroom homes increased by 59.3%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Longswamp Township | $205K | $322.4K | +57.3% |
| Breinigsville | $439K | $454.9K | +3.6% |
| Alburtis | $315K | $321K | +1.9% |
Housing Supply in Longswamp Township, PA
How many homes are available in Longswamp Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The Longswamp Township real estate market had 17 homes for sale in March 2024, a 30.8% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 1 | 5 | +400.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Longswamp 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 increased by 33.3%, 4 bedroom homes increased by 400%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Longswamp Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Longswamp Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Longswamp Township, PA
How long does it take to sell a home in Longswamp Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 8 Days | 2 Days | -70.6% |
Summary: Homes in Longswamp Township had an average of 2 days on market in Mar 2024, down by 70.6% compared to last year.
Breakdown of Home Sale Times
2 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 Longswamp Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Longswamp 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.
