Is Lower Alsace Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lower Alsace Township was a Seller's Market.
Key Takeaway
Lower Alsace Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower Alsace Township, PA
How much do homes in Lower Alsace Township, PA cost?
Median Sold Price
$242,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lower Alsace Township have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Lower Alsace Township was $242,000 in April 2024, up 12.6% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $140K | +7.7% |
| 2 Bedrooms | $135K | $149.7K | +10.9% |
| 3 Bedrooms | $209.9K | $241K | +14.8% |
| 4 Bedrooms | $258K | $289.9K | +12.4% |
| 5+ Bedrooms | $355K | $395.5K | +11.4% |
Summary: Lower Alsace Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 11.4%.
Median Sold Price Compared To Nearby Cities
| Reading | $172.4K | $235.6K | +36.7% |
| Lower Alsace Township | $215K | $242K | +12.6% |
| Exeter Township | $279.5K | $305K | +9.1% |
| Mount Penn | $175.9K | $185.5K | +5.4% |
Housing Supply in Lower Alsace Township, PA
How many homes are available in Lower Alsace Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The Lower Alsace Township real estate market had 13 homes for sale in April 2024, a 30.0% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lower Alsace 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 increased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Alsace Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Lower Alsace Township in April 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lower Alsace Township, PA
How long does it take to sell a home in Lower Alsace Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 6 Days | -78.8% |
Summary: Homes in Lower Alsace Township had an average of 6 days on market in Apr 2024, down by 78.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Alsace Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Lower Alsace 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.
