Is Lower Heidelberg 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 Heidelberg Township has remained a Buyer's Market.
Key Takeaway
Lower Heidelberg Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower Heidelberg Township, PA
How much do homes in Lower Heidelberg Township, PA cost?
Median Sold Price
$540,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lower Heidelberg Township have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Lower Heidelberg Township was $540,500 in March 2024, up 1.2% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $359.9K | $360K | 0.0% |
| 3 Bedrooms | $404K | $339K | -16.1% |
| 4 Bedrooms | $547K | $560K | +2.4% |
| 5+ Bedrooms | $590.5K | $574.9K | -2.6% |
Summary: Lower Heidelberg 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 did not change, 3 bedroom homes decreased by 16.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Sinking Spring | $235K | $296K | +26.0% |
| Wernersville | $270.5K | $275K | +1.7% |
| Lower Heidelberg Township | $534.2K | $540.5K | +1.2% |
| Spring Township | $295K | $295K | 0.0% |
Housing Supply in Lower Heidelberg Township, PA
How many homes are available in Lower Heidelberg Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Lower Heidelberg Township real estate market had 30 homes for sale in March 2024, a 15.4% increase 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 | 9 | 9 | 0.0% |
| 4 Bedrooms | 6 | 11 | +83.3% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Lower Heidelberg 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 remained the same, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Heidelberg Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lower Heidelberg Township in March 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Lower Heidelberg Township, PA
How long does it take to sell a home in Lower Heidelberg Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 3 Days | 58 Days | +1557.1% |
Summary: Homes in Lower Heidelberg Township had an average of 58 days on market in Mar 2024, up by 1557.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lower Heidelberg Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Lower Heidelberg Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
