Is South Londonderry Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Londonderry Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, South Londonderry Township has remained a Seller's Market.

Key Takeaway

South Londonderry Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in South Londonderry Township, PA

How much do homes in South Londonderry Township, PA cost?

Median Sold Price

$380,500

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$38,050(+11.1%)

Key Takeaway

Homes in South Londonderry Township have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in South Londonderry Township was $380,500 in September 2024, up 11.1% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$333.5K
N/A
2 $330K$249.9K
-24.3%
3 $288K$320K
+11.1%
4 $455K$510.5K
+12.2%
5+ $300K$525.5K
+75.2%

Summary: South Londonderry Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 75.2%.

Median Sold Price Compared To Nearby Cities

Mount Gretna
+12.9%
South Londonderry Township
+11.1%
South Annville Township
-7.4%

Housing Supply in South Londonderry Township, PA

How many homes are available in South Londonderry Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2728+3.7%

Summary: The South Londonderry Township real estate market had 28 homes for sale in September 2024, a 3.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1817
-5.6%
4 46
+50.0%
5+ 33
0.0%

Summary: The South Londonderry Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Londonderry Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in South Londonderry Township in September 2024, up by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.

Days on Market for South Londonderry Township, PA

How long does it take to sell a home in South Londonderry Township, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
7 Days20 Days+196.4%

Summary: Homes in South Londonderry Township had an average of 20 days on market in Sep 2024, up by 196.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 12 homes were sold in South Londonderry Township; 75% of homes were sold within 30 days, 25% 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 30 Days Ago

Newest Listings in South Londonderry Township, PA

Nearby Markets to South Londonderry Township, PA

What housing markets are near South Londonderry Township, PA?