Is Lower Moreland 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 Moreland Township was a Seller's Market.
Housing Prices in Lower Moreland Township, PA
How much do homes in Lower Moreland Township, PA cost?
Median Sold Price
$575,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lower Moreland Township was $575,000 in March 2024, down 4.2% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $300K | N/A |
2 Bedrooms | $350K | $397.5K | +13.6% |
3 Bedrooms | $480K | $492.5K | +2.6% |
4 Bedrooms | $620K | $630K | +1.6% |
5+ Bedrooms | $746K | $772.7K | +3.6% |
Summary: Lower Moreland 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 13.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Upper Southampton Township | $411K | $440K | +7.1% |
Lower Southampton Township | $417.5K | $440K | +5.4% |
Upper Moreland Township | $395K | $394K | -0.3% |
Lower Moreland Township | $600K | $575K | -4.2% |
Housing Supply in Lower Moreland Township, PA
How many homes are available in Lower Moreland Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 63 | +21.2% |
Summary: The Lower Moreland Township real estate market had 63 homes for sale in March 2024, a 21.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 13 | 16 | +23.1% |
4 Bedrooms | 15 | 21 | +40.0% |
5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Lower Moreland 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 10%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lower Moreland Township in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Lower Moreland Township, PA
How long does it take to sell a home in Lower Moreland Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 58 Days | +69.5% |
Summary: Homes in Lower Moreland Township had an average of 58 days on market in Mar 2024, up by 69.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Lower Moreland Township; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.