Is Lower Towamensing 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 Towamensing Township has remained a Seller's Market.
Housing Prices in Lower Towamensing Township, PA
How much do homes in Lower Towamensing Township, PA cost?
Median Sold Price
$240,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lower Towamensing Township was $240,000 in April 2024, down 17.9% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $360K | N/A |
2 Bedrooms | $210K | $240K | +14.3% |
3 Bedrooms | $259.5K | $250.5K | -3.5% |
4 Bedrooms | $319.7K | $200K | -37.5% |
5+ Bedrooms | $525K | $187.8K | -64.2% |
Summary: Lower Towamensing 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 14.3%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 64.2%.
Median Sold Price Compared To Nearby Cities
Palmerton | $191K | $223.8K | +17.2% |
Lehigh Township | $321.2K | $335K | +4.3% |
Lower Towamensing Township | $292.5K | $240K | -17.9% |
Housing Supply in Lower Towamensing Township, PA
How many homes are available in Lower Towamensing Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Summary: The Lower Towamensing Township real estate market had 7 homes for sale in April 2024, a 22.2% decrease 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 | 7 | 5 | -28.6% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lower Towamensing 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 decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lower Towamensing Township in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Lower Towamensing Township, PA
How long does it take to sell a home in Lower Towamensing Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 34 Days | -23.0% |
Summary: Homes in Lower Towamensing Township had an average of 34 days on market in Apr 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Lower Towamensing Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.