Is Lower Southampton Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lower Southampton Township is a seller's market

Buyer's
Market

Difference Since February 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

$437,450

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$17,450(+4.2%)

Key Takeaway

Homes in Lower Southampton Township have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Lower Southampton Township was $437,450 in February 2024, up 4.2% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$310K
N/A
2 $360K$378K
+5.0%
3 $385.5K$400K
+3.8%
4 $508K$527.5K
+3.8%
5+ $520.5K$525K
+0.9%

Summary: Lower Southampton 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 5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 0.9%.

Median Sold Price Compared To Nearby Cities

Southampton
+8.7%
Upper Southampton Township
+7.2%
Lower Southampton Township
+4.2%
Feasterville Trevose
+3.5%
Middletown Township
-7.2%

Housing Supply in Lower Southampton Township, PA

How many homes are available in Lower Southampton Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4541-8.9%

Summary: The Lower Southampton Township real estate market had 41 homes for sale in February 2024, a 8.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 1815
-16.7%
4 1313
0.0%
5+ 66
0.0%

Summary: The Lower Southampton 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 decreased by 12.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lower Southampton Township, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Lower Southampton Township in February 2024, down by 36.4% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% 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

Feb 2023Feb 2024CHANGE
34 Days18 Days-47.2%

Summary: Homes in Lower Southampton Township had an average of 18 days on market in Feb 2024, down by 47.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lower Southampton Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 7 homes were sold in Lower Southampton Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Lower Southampton Township, PA

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