Is Lower Providence 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, Lower Providence Township has remained a Seller's Market.
Housing Prices in Lower Providence Township, PA
How much do homes in Lower Providence Township, PA cost?
Median Sold Price
$505,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lower Providence Township was $505,000 in April 2024, down 1.9% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $291K | $322.5K | +10.8% |
3 Bedrooms | $390K | $404.5K | +3.7% |
4 Bedrooms | $564.9K | $588K | +4.1% |
5+ Bedrooms | $660K | $616.2K | -6.6% |
Summary: Lower Providence 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 10.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Cities
Schuylkill Township | $535K | $650K | +21.5% |
West Norriton Township | $290K | $335K | +15.5% |
King Of Prussia | $425K | $482K | +13.4% |
Upper Providence Township | $475K | $475K | 0.0% |
Lower Providence Township | $515K | $505K | -1.9% |
Housing Supply in Lower Providence Township, PA
How many homes are available in Lower Providence Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 55 | +41.0% |
Summary: The Lower Providence Township real estate market had 55 homes for sale in April 2024, a 41.0% 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 | 3 | 5 | +66.7% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 17 | 24 | +41.2% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Lower Providence 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 66.7%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Lower Providence Township in April 2024, down by 23.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% were sold over asking.
Days on Market for Lower Providence Township, PA
How long does it take to sell a home in Lower Providence Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 31 Days | +60.2% |
Summary: Homes in Lower Providence Township had an average of 31 days on market in Apr 2024, up by 60.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Lower Providence Township; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.