Is Whitpain Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Whitpain Township has remained a Seller's Market.
Key Takeaway
Whitpain Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Whitpain Township, PA
How much do homes in Whitpain Township, PA cost?
Median Sold Price
$675,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Whitpain Township have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Whitpain Township was $675,000 in June 2024, up 14.4% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249.9K | $265K | +6.0% |
| 2 Bedrooms | $401.2K | $359.9K | -10.3% |
| 3 Bedrooms | $528K | $625K | +18.4% |
| 4 Bedrooms | $682.5K | $750K | +9.9% |
| 5+ Bedrooms | $940K | $950K | +1.1% |
Summary: Whitpain Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Ambler | $562.8K | $671.1K | +19.2% |
| Blue Bell | $568K | $660K | +16.2% |
| Whitpain Township | $590K | $675K | +14.4% |
| Plymouth Meeting | $470K | $518.6K | +10.3% |
| Lower Gwynedd Township | $752.5K | $737K | -2.1% |
Housing Supply in Whitpain Township, PA
How many homes are available in Whitpain Township, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 61 | 51 | -16.4% |
Summary: The Whitpain Township real estate market had 51 homes for sale in June 2024, a 16.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 0 | -100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 21 | 16 | -23.8% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Whitpain Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 23 | 11 | -52.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Whitpain Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Whitpain Township in June 2024, down by 52.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 10 Days | 13 Days | +26.2% |
Summary: Homes in Whitpain Township had an average of 13 days on market in Jun 2024, up by 26.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were 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 June 2024, 11 homes were sold in Whitpain Township; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
