Is Lower Gwynedd 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, Lower Gwynedd Township was a Seller's Market.
Key Takeaway
Lower Gwynedd Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower Gwynedd Township, PA
How much do homes in Lower Gwynedd Township, PA cost?
Median Sold Price
$729,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lower Gwynedd Township have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in Lower Gwynedd Township was $729,000 in March 2024, down 5.9% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | - | N/A |
| 2 Bedrooms | $306.6K | $329K | +7.3% |
| 3 Bedrooms | $558.5K | $535K | -4.2% |
| 4 Bedrooms | $835K | $884.9K | +6.0% |
| 5+ Bedrooms | $1.3M | $1.5M | +11.1% |
Summary: Lower Gwynedd 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 7.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Ambler | $507.5K | $642.2K | +26.6% |
| Lower Gwynedd Township | $775K | $729K | -5.9% |
Housing Supply in Lower Gwynedd Township, PA
How many homes are available in Lower Gwynedd Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Summary: The Lower Gwynedd Township real estate market had 48 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Lower Gwynedd 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 decreased by 33.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Gwynedd Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Lower Gwynedd Township in March 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 9 Days | -82.6% |
Summary: Homes in Lower Gwynedd Township had an average of 9 days on market in Mar 2024, down by 82.6% compared to last year.
Breakdown of Home Sale Times
5 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 Gwynedd Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Lower Gwynedd 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.
