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 August 2022
At the same time last year, Lower Alsace Township was a Buyer'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
How much do homes in Lower Alsace Township, PA cost?
Median Sold Price
$235,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Lower Alsace Township have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Lower Alsace Township was $235,500 in August 2023, up 16.3% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $134.9K | $155K | +14.9% |
| 3 Bedrooms | $199.9K | $227K | +13.5% |
| 4 Bedrooms | $236K | $265K | +12.3% |
| 5+ Bedrooms | $312.5K | $270.7K | -13.4% |
Summary: Lower Alsace Township housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Reading | $129.9K | $209.9K | +61.5% |
| Exeter Township | $251K | $295K | +17.5% |
| Lower Alsace Township | $202.5K | $235.5K | +16.3% |
| Mount Penn | $161.2K | $180K | +11.7% |
Housing Supply
How many homes are available in Lower Alsace Township, PA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Summary: The Lower Alsace Township real estate market had 15 homes for sale in August 2023, a 21.1% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lower Alsace Township housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Alsace Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Lower Alsace Township in August 2023, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market
How long does it take to sell a home in Lower Alsace Township, PA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 9 Days | 11 Days | +30.6% |
Summary: Homes in Lower Alsace Township had an average of 11 days on market in Aug 2023, up by 30.6% compared to last year.
Breakdown of Home Sale Times
4 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 Lower Alsace Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 4 homes were sold in Lower Alsace 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.
