Is Lower Southampton 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 Southampton Township was a Seller's Market.
Housing Prices in Lower Southampton Township, PA
How much do homes in Lower Southampton Township, PA cost?
Median Sold Price
$440,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lower Southampton Township was $440,000 in March 2024, up 5.4% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $310K | N/A |
2 Bedrooms | $363.5K | $371K | +2.1% |
3 Bedrooms | $383.2K | $410K | +7.0% |
4 Bedrooms | $510K | $527.5K | +3.4% |
5+ Bedrooms | $520.5K | $522.5K | 0.4% |
Summary: Lower Southampton 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 2.1%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
Upper Southampton Township | $411K | $440K | +7.1% |
Southampton | $450K | $480K | +6.7% |
Lower Southampton Township | $417.5K | $440K | +5.4% |
Feasterville Trevose | $425K | $445K | +4.7% |
Middletown Township | $422.5K | $385.7K | -8.7% |
Housing Supply in Lower Southampton Township, PA
How many homes are available in Lower Southampton Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 46 | +12.2% |
Summary: The Lower Southampton Township real estate market had 46 homes for sale in March 2024, a 12.2% 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 | 7 | 6 | -14.3% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Lower Southampton 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lower Southampton Township in March 2024, down by 37.5% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lower Southampton Township, PA
How long does it take to sell a home in Lower Southampton Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 32 Days | +82.2% |
Summary: Homes in Lower Southampton Township had an average of 32 days on market in Mar 2024, up by 82.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Lower Southampton Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.