Is Upper Gwynedd 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, Upper Gwynedd Township was a Seller's Market.
Key Takeaway
Upper Gwynedd Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper Gwynedd Township, PA
How much do homes in Upper Gwynedd Township, PA cost?
Median Sold Price
$500,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Upper Gwynedd Township have sold for 7% more than they did a year ago.
Summary: The median home sold price in Upper Gwynedd Township was $500,000 in March 2024, up 7% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203.2K | $220K | +8.2% |
| 2 Bedrooms | $295K | $382.5K | +29.7% |
| 3 Bedrooms | $409K | $412.5K | +0.9% |
| 4 Bedrooms | $570K | $672.5K | +18.0% |
| 5+ Bedrooms | $656K | $670K | +2.1% |
Summary: Upper Gwynedd Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 29.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| North Wales | $390K | $475K | +21.8% |
| Montgomery Township | $460.5K | $500K | +8.6% |
| Upper Gwynedd Township | $467.5K | $500K | +7.0% |
| Lansdale | $408K | $409K | 0.3% |
| Towamencin Township | $490K | $386K | -21.2% |
Housing Supply in Upper Gwynedd Township, PA
How many homes are available in Upper Gwynedd Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 48 | +4.3% |
Summary: The Upper Gwynedd Township real estate market had 48 homes for sale in March 2024, a 4.3% 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 | 8 | 10 | +25.0% |
| 3 Bedrooms | 19 | 13 | -31.6% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Upper Gwynedd Township 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 25%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Gwynedd Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Upper Gwynedd Township in March 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Upper Gwynedd Township, PA
How long does it take to sell a home in Upper Gwynedd Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 40 Days | +146.6% |
Summary: Homes in Upper Gwynedd Township had an average of 40 days on market in Mar 2024, up by 146.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Upper Gwynedd Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Upper Gwynedd Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
