Is London Grove Township, 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, London Grove Township has remained a Seller's Market.
Key Takeaway
London Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in London Grove Township, PA
How much do homes in London Grove Township, PA cost?
Median Sold Price
$530,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in London Grove Township have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in London Grove Township was $530,000 in April 2024, up 14.6% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $424.3K | $499.5K | +17.7% |
| 3 Bedrooms | $355K | $410K | +15.5% |
| 4 Bedrooms | $545.5K | $580K | +6.3% |
| 5+ Bedrooms | $622.5K | $630K | +1.2% |
Summary: London Grove Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Avondale | $460K | $550K | +19.6% |
| London Grove Township | $462.5K | $530K | +14.6% |
| West Grove | $390K | $445.7K | +14.3% |
| Landenberg | $539K | $612K | +13.5% |
| New Garden Township | $546.5K | $585K | +7.0% |
Housing Supply in London Grove Township, PA
How many homes are available in London Grove Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Summary: The London Grove Township real estate market had 18 homes for sale in April 2024, a 38.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The London Grove Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in London Grove Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in London Grove Township in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for London Grove Township, PA
How long does it take to sell a home in London Grove Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 90 Days | +823.1% |
Summary: Homes in London Grove Township had an average of 90 days on market in Apr 2024, up by 823.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in London Grove Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in London Grove Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
