Is Lower Salford Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Lower Salford Township was a Neutral Market.
Housing Prices in Lower Salford Township, PA
How much do homes in Lower Salford Township, PA cost?
Median Sold Price
$515,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lower Salford Township was $515,000 in February 2024, down 8% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $366K | $380K | +3.8% |
3 Bedrooms | $390K | $427K | +9.5% |
4 Bedrooms | $650K | $622.5K | -4.2% |
5+ Bedrooms | $855K | $790K | -7.6% |
Summary: Lower Salford Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
Skippack Township | $463K | $450K | -2.8% |
Harleysville | $485K | $470K | -3.1% |
Lower Salford Township | $560K | $515K | -8.0% |
Towamencin Township | $500K | $409.9K | -18.0% |
Housing Supply in Lower Salford Township, PA
How many homes are available in Lower Salford Township, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
28 | 35 | +25.0% |
Summary: The Lower Salford Township real estate market had 35 homes for sale in February 2024, a 25.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Lower Salford Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Lower Salford Township in February 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lower Salford Township, PA
How long does it take to sell a home in Lower Salford Township, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
5 Days | 3 Days | -39.1% |
Summary: Homes in Lower Salford Township had an average of 3 days on market in Feb 2024, down by 39.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in Lower Salford 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.