Is North Wales, 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, North Wales has remained a Seller's Market.
Housing Prices in North Wales, PA
How much do homes in North Wales, PA cost?
Median Sold Price
$475,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Wales was $475,000 in April 2024, up 18% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $220K | N/A |
2 Bedrooms | $310.3K | $297.2K | -4.2% |
3 Bedrooms | $330K | $450K | +36.4% |
4 Bedrooms | $675K | $740K | +9.6% |
5+ Bedrooms | $518.6K | $780K | +50.4% |
Summary: North Wales 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 decreased by 4.2%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 50.4%.
Median Sold Price Compared To Nearby Cities
North Wales | $402.5K | $475K | +18.0% |
Upper Gwynedd Township | $447.5K | $509K | +13.7% |
Housing Supply in North Wales, PA
How many homes are available in North Wales, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 64 | +28.0% |
Summary: The North Wales real estate market had 64 homes for sale in April 2024, a 28.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 9 | 17 | +88.9% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 12 | 16 | +33.3% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The North Wales 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 88.9%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 21 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in North Wales in April 2024, up by 200.0% month-over-month. Of the 21 sold homes, 14% were sold under asking, 19% were sold at asking, and 67% were sold over asking.
Days on Market for North Wales, PA
How long does it take to sell a home in North Wales, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 10 Days | -25.9% |
Summary: Homes in North Wales had an average of 10 days on market in Apr 2024, down by 25.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in North Wales; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.