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 June 2023
Since last year, Lower Southampton Township has remained a Seller's Market.
Key Takeaway
Lower Southampton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Southampton Township, PA
How much do homes in Lower Southampton Township, PA cost?
Median Sold Price
$450,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Lower Southampton Township have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Lower Southampton Township was $450,000 in June 2024, up 2.3% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $310K | N/A |
| 2 Bedrooms | $375K | $371K | -1.1% |
| 3 Bedrooms | $385K | $416K | +8.1% |
| 4 Bedrooms | $525K | $554K | +5.5% |
| 5+ Bedrooms | $620K | $500K | -19.4% |
Summary: Lower Southampton Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 19.4%.
Median Sold Price Compared To Nearby Cities
| Southampton | $454K | $510K | +12.3% |
| Lower Southampton Township | $440K | $450K | +2.3% |
| Middletown Township | $399.9K | $400.1K | 0.0% |
| Upper Southampton Township | $435K | $428.5K | -1.5% |
Housing Supply in Lower Southampton Township, PA
How many homes are available in Lower Southampton Township, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 46 | 46 | 0.0% |
Summary: The Lower Southampton Township real estate market had 46 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Lower Southampton Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 18 | 11 | -38.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Southampton Township, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Lower Southampton Township in June 2024, down by 38.9% month-over-month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 13 Days | 11 Days | -12.5% |
Summary: Homes in Lower Southampton Township had an average of 11 days on market in Jun 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Southampton Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 11 homes were sold in Lower Southampton Township; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
