Is Lower Frederick Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lower Frederick Township was a Seller's Market.
Key Takeaway
Lower Frederick Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lower Frederick Township, PA
How much do homes in Lower Frederick Township, PA cost?
Median Sold Price
$348,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lower Frederick Township have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Lower Frederick Township was $348,500 in May 2024, up 7.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $258K | N/A |
| 2 Bedrooms | $263.7K | $317.5K | +20.4% |
| 3 Bedrooms | $305K | $330K | +8.2% |
| 4 Bedrooms | $435K | $603K | +38.6% |
| 5+ Bedrooms | $262.5K | $402.5K | +53.3% |
Summary: Lower Frederick Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 38.6%, and 5+ bedroom homes increased by 53.3%.
Median Sold Price Compared To Nearby Cities
| Schwenksville | $350K | $500K | +42.9% |
| Perkiomenville | $375K | $410K | +9.3% |
| Lower Frederick Township | $325K | $348.5K | +7.2% |
Housing Supply in Lower Frederick Township, PA
How many homes are available in Lower Frederick Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Lower Frederick Township real estate market had 13 homes for sale in May 2024, a 7.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lower Frederick Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was 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 Frederick Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lower Frederick Township in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lower Frederick Township, PA
How long does it take to sell a home in Lower Frederick Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 9 Days | -81.1% |
Summary: Homes in Lower Frederick Township had an average of 9 days on market in May 2024, down by 81.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were 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 Frederick Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Lower Frederick 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.
