Is Whitpain Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Whitpain Township has remained a Buyer's Market.
Key Takeaway
Whitpain Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Whitpain Township, PA
How much do homes in Whitpain Township, PA cost?
Median Sold Price
$644,700
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Whitpain Township have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Whitpain Township was $644,700 in March 2024, up 7.4% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249.9K | $232.5K | -7.0% |
| 2 Bedrooms | $361.7K | $364.9K | +0.9% |
| 3 Bedrooms | $515K | $601.7K | +16.8% |
| 4 Bedrooms | $682.5K | $728K | +6.7% |
| 5+ Bedrooms | $997.5K | $850K | -14.8% |
Summary: Whitpain Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 14.8%.
Median Sold Price Compared To Nearby Cities
| Ambler | $507.5K | $642.2K | +26.6% |
| Blue Bell | $569.9K | $625K | +9.7% |
| Plymouth Meeting | $470K | $507.5K | +8.0% |
| Whitpain Township | $600K | $644.7K | +7.4% |
| Lower Gwynedd Township | $775K | $729K | -5.9% |
Housing Supply in Whitpain Township, PA
How many homes are available in Whitpain Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 63 | 70 | +11.1% |
Summary: The Whitpain Township real estate market had 70 homes for sale in March 2024, a 11.1% 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 | 7 | 0.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 21 | 26 | +23.8% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Whitpain 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 remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Whitpain Township, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Whitpain Township in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Whitpain Township, PA
How long does it take to sell a home in Whitpain Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 12 Days | -69.8% |
Summary: Homes in Whitpain Township had an average of 12 days on market in Mar 2024, down by 69.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Whitpain Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Whitpain Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
