$4,334 Closing Credit*
$365,000
1,600 SqFt
3 Beds
•2 Full Baths
Tiffany Clement, Listing Office: Long & Foster Real Estate, Inc.
Is Lower Milford Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lower Milford Township has remained a Seller's Market.
Key Takeaway
Lower Milford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Milford Township, PA
How much do homes in Lower Milford Township, PA cost?
Median Sold Price
$555,000
$212/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
+$210,000(+60.9%)
Key Takeaway
Homes in Lower Milford Township have sold for 60.9% more than they did a month ago.
Summary: The median home sold price in Lower Milford Township was $555,000 in September 2024, up 60.9% from last month, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $291K | - | N/A |
| 4 Bedrooms | $345K | $555K | +60.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lower Milford Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 60.9%, and 5+ bedroom homes did not change.
Housing Supply in Lower Milford Township, PA
How many homes are available in Lower Milford Township, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Lower Milford Township real estate market had 13 homes for sale in September 2024, a 18.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lower Milford Township housing inventory by bedroom type for September 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 decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Milford Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Lower Milford Township in September 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Lower Milford Township, PA
How long does it take to sell a home in Lower Milford Township, PA?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 Days | 8 Days | -40.0% |
Summary: Homes in Lower Milford Township had an average of 8 days on market in Sep 2024, down by 40% compared to last month.
Breakdown of Home Sale Times
3 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 Milford Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Lower Milford 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.
