Is Upper Moreland 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 Moreland Township was a Seller's Market.
Key Takeaway
Upper Moreland Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper Moreland Township, PA
How much do homes in Upper Moreland Township, PA cost?
Median Sold Price
$394,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Upper Moreland Township has remained the same since last year.
Summary: The median home sold price in Upper Moreland Township was $394,000 in March 2024, down 0.3% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $314.9K | $279K | -11.4% |
| 3 Bedrooms | $371K | $381.5K | +2.8% |
| 4 Bedrooms | $455K | $450K | -1.1% |
| 5+ Bedrooms | $439K | $490K | +11.6% |
Summary: Upper Moreland Township 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 11.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Cities
| Hatboro | $370K | $415K | +12.2% |
| Warminster Township | $425K | $434.1K | +2.1% |
| Upper Moreland Township | $395K | $394K | -0.3% |
| Lower Moreland Township | $600K | $575K | -4.2% |
Housing Supply in Upper Moreland Township, PA
How many homes are available in Upper Moreland Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The Upper Moreland Township real estate market had 47 homes for sale in March 2024, a 17.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Upper Moreland Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Moreland Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Upper Moreland Township in March 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Upper Moreland Township, PA
How long does it take to sell a home in Upper Moreland Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 9 Days | +8.9% |
Summary: Homes in Upper Moreland Township had an average of 9 days on market in Mar 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
5 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 Upper Moreland Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Upper Moreland Township; 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.
