Is Lower Frederick 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 Frederick Township has remained a Buyer's Market.
Key Takeaway
Lower Frederick Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower Frederick Township, PA
How much do homes in Lower Frederick Township, PA cost?
Median Sold Price
$343,500
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lower Frederick Township have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Lower Frederick Township was $343,500 in March 2024, up 10.8% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $191.2K | N/A |
| 2 Bedrooms | $253.8K | $317.5K | +25.1% |
| 3 Bedrooms | $299.9K | $330K | +10.0% |
| 4 Bedrooms | $395K | $605.2K | +53.2% |
| 5+ Bedrooms | $390K | $330K | -15.4% |
Summary: Lower Frederick 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 25.1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 53.2%, and 5+ bedroom homes decreased by 15.4%.
Median Sold Price Compared To Nearby Cities
| Perkiomenville | $317K | $417.5K | +31.7% |
| Schwenksville | $320K | $420K | +31.3% |
| Lower Frederick Township | $310K | $343.5K | +10.8% |
Housing Supply in Lower Frederick Township, PA
How many homes are available in Lower Frederick Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Summary: The Lower Frederick Township real estate market had 18 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lower Frederick Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 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 Frederick Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Lower Frederick Township in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lower Frederick Township, PA
How long does it take to sell a home in Lower Frederick Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 135 Days | 6 Days | -95.6% |
Summary: Homes in Lower Frederick Township had an average of 6 days on market in Mar 2024, down by 95.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 Frederick Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Lower Frederick 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.
