Is Lansdale, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lansdale has remained a Seller's Market.
Key Takeaway
Lansdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lansdale, PA
How much do homes in Lansdale, PA cost?
Median Sold Price
$414,990
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lansdale have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Lansdale was $414,990 in April 2024, up 1.2% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $195K | +8.3% |
| 2 Bedrooms | $233.7K | $265K | +13.4% |
| 3 Bedrooms | $397.5K | $380K | -4.4% |
| 4 Bedrooms | $510K | $549.5K | +7.7% |
| 5+ Bedrooms | $600K | $595K | -0.8% |
Summary: Lansdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 13.4%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Upper Gwynedd Township | $447.5K | $509K | +13.7% |
| Montgomery Township | $467.9K | $500K | +6.8% |
| Lansdale | $410K | $414.9K | +1.2% |
| Hatfield Township | $467K | $458.7K | -1.8% |
| Towamencin Township | $460K | $422.4K | -8.2% |
Housing Supply in Lansdale, PA
How many homes are available in Lansdale, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 98 | 117 | +19.4% |
Summary: The Lansdale real estate market had 117 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 14 | 10 | -28.6% |
| 3 Bedrooms | 35 | 46 | +31.4% |
| 4 Bedrooms | 35 | 49 | +40.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Lansdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 25 | -39.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lansdale, you could pay more than the asking price. 52% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Lansdale in April 2024, down by 39.0% month-over-month. Of the 25 sold homes, 28% were sold under asking, 20% were sold at asking, and 52% were sold over asking.
Days on Market for Lansdale, PA
How long does it take to sell a home in Lansdale, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 14 Days | -13.0% |
Summary: Homes in Lansdale had an average of 14 days on market in Apr 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
23 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 Lansdale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in Lansdale; 92% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
