Is Lower Gwynedd Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lower Gwynedd Township is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Lower Gwynedd Township was a Neutral Market.

Key Takeaway

Lower Gwynedd Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lower Gwynedd Township, PA

How much do homes in Lower Gwynedd Township, PA cost?

Median Sold Price

$636,000

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$114,000(-15.2%)

Key Takeaway

Homes in Lower Gwynedd Township have sold for 15.2% less than they did a year ago.

Summary: The median home sold price in Lower Gwynedd Township was $636,000 in September 2024, down 15.2% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $300.7K$340K
+13.1%
3 $545K$550K
+0.9%
4 $885.9K$955K
+7.8%
5+ $1.4M$1.4M
+1.8%

Summary: Lower Gwynedd Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Cities

Ambler
+14.6%
Lower Gwynedd Township
-15.2%

Housing Supply in Lower Gwynedd Township, PA

How many homes are available in Lower Gwynedd Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
39390.0%

Summary: The Lower Gwynedd Township real estate market had 39 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 44
0.0%
3 1715
-11.8%
4 811
+37.5%
5+ 108
-20.0%

Summary: The Lower Gwynedd Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lower Gwynedd Township, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Lower Gwynedd Township in September 2024, down by 30.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.

Days on Market for Lower Gwynedd Township, PA

How long does it take to sell a home in Lower Gwynedd Township, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
25 Days16 Days-36.3%

Summary: Homes in Lower Gwynedd Township had an average of 16 days on market in Sep 2024, down by 36.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lower Gwynedd Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Lower Gwynedd Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Lower Gwynedd Township, PA

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