Is Lower Providence Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lower Providence Township was a Neutral Market.
Key Takeaway
Lower Providence Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Providence Township, PA
How much do homes in Lower Providence Township, PA cost?
Median Sold Price
$487,500
$240/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Lower Providence Township have sold for 30% more than they did a month ago.
Summary: The median home sold price in Lower Providence Township was $487,500 in March 2024, up 30% from last month, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $72.2K | $357.5K | +395.2% |
| 3 Bedrooms | $342.5K | $350K | +2.2% |
| 4 Bedrooms | $805K | $560K | -30.4% |
| 5+ Bedrooms | $600K | - | N/A |
Summary: Lower Providence Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 395.2%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 30.4%, and 5+ bedroom homes did not change.
Housing Supply in Lower Providence Township, PA
How many homes are available in Lower Providence Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 63 | +8.6% |
Summary: The Lower Providence Township real estate market had 63 homes for sale in March 2024, a 8.6% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 33 | 35 | +6.1% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Lower Providence 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 increased by 26.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Providence Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Lower Providence Township in March 2024, up by 33.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Lower Providence Township, PA
How long does it take to sell a home in Lower Providence Township, PA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 23 Days | -46.0% |
Summary: Homes in Lower Providence Township had an average of 23 days on market in Mar 2024, down by 46% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Providence Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Lower Providence Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
