Is Lower Alsace 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, Lower Alsace Township has remained a Seller's Market.
Key Takeaway
Lower Alsace Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Alsace Township, PA
How much do homes in Lower Alsace Township, PA cost?
Median Sold Price
$240,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lower Alsace Township have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Lower Alsace Township was $240,000 in March 2024, up 5.1% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $140K | +7.7% |
| 2 Bedrooms | $95K | $154.8K | +63.0% |
| 3 Bedrooms | $213K | $230K | +8.0% |
| 4 Bedrooms | $246K | $287.4K | +16.8% |
| 5+ Bedrooms | $312.8K | $395.5K | +26.4% |
Summary: Lower Alsace Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 63%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Cities
| Reading | $150K | $234.4K | +56.3% |
| Saint Lawrence | $220K | $246.5K | +12.0% |
| Exeter Township | $279.5K | $300K | +7.3% |
| Lower Alsace Township | $228.4K | $240K | +5.1% |
| Mount Penn | $178K | $185K | +3.9% |
Housing Supply in Lower Alsace Township, PA
How many homes are available in Lower Alsace Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Lower Alsace Township real estate market had 13 homes for sale in March 2024, a 7.1% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Lower Alsace 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 42.9%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Alsace Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lower Alsace Township in March 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Lower Alsace Township, PA
How long does it take to sell a home in Lower Alsace Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 103 Days | +880.5% |
Summary: Homes in Lower Alsace Township had an average of 103 days on market in Mar 2024, up by 880.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lower Alsace Township has remained consistent over time.
Summary: During March 2024, 4 homes were sold in Lower Alsace Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
