Is North Wales, 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, North Wales was a Seller's Market.
Key Takeaway
North Wales is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Wales, PA
How much do homes in North Wales, PA cost?
Median Sold Price
$475,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Wales have sold for 21.8% more than they did a year ago.
Summary: The median home sold price in North Wales was $475,000 in March 2024, up 21.8% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $220K | N/A |
| 2 Bedrooms | $300K | $292.2K | -2.6% |
| 3 Bedrooms | $329K | $437.5K | +33.0% |
| 4 Bedrooms | $675K | $737.5K | +9.3% |
| 5+ Bedrooms | $522.5K | $670K | +28.2% |
Summary: North Wales 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 decreased by 2.6%, 3 bedroom homes increased by 33%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 28.2%.
Median Sold Price Compared To Nearby Cities
| North Wales | $390K | $475K | +21.8% |
| Upper Gwynedd Township | $467.5K | $500K | +7.0% |
Housing Supply in North Wales, PA
How many homes are available in North Wales, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 66 | +43.5% |
Summary: The North Wales real estate market had 66 homes for sale in March 2024, a 43.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 17 | 23 | +35.3% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The North Wales housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Wales, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in North Wales in March 2024, down by 30.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for North Wales, PA
How long does it take to sell a home in North Wales, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 10 Days | +13.1% |
Summary: Homes in North Wales had an average of 10 days on market in Mar 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Wales are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in North Wales; 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.
