Is Towamencin 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, Towamencin Township has remained a Seller's Market.
Key Takeaway
Towamencin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Towamencin Township, PA
How much do homes in Towamencin Township, PA cost?
Median Sold Price
$422,450
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Towamencin Township have sold for 8.2% less than they did a year ago.
Summary: The median home sold price in Towamencin Township was $422,450 in April 2024, down 8.2% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $195K | +8.3% |
| 2 Bedrooms | $237K | $260K | +9.7% |
| 3 Bedrooms | $396K | $375K | -5.3% |
| 4 Bedrooms | $585.9K | $577.4K | -1.5% |
| 5+ Bedrooms | $625K | $607.5K | -2.8% |
Summary: Towamencin Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Upper Gwynedd Township | $447.5K | $509K | +13.7% |
| Lansdale | $410K | $414.9K | +1.2% |
| Lower Salford Township | $545K | $515K | -5.5% |
| Towamencin Township | $460K | $422.4K | -8.2% |
Housing Supply in Towamencin Township, PA
How many homes are available in Towamencin Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 42 | -4.5% |
Summary: The Towamencin Township real estate market had 42 homes for sale in April 2024, a 4.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 4 | -55.6% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 8 | 13 | +62.5% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Towamencin Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 55.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 8 | -57.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Towamencin Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Towamencin Township in April 2024, down by 57.9% month-over-month. Of the 8 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Towamencin Township, PA
How long does it take to sell a home in Towamencin Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 4 Days | -19.8% |
Summary: Homes in Towamencin Township had an average of 4 days on market in Apr 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
8 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 Towamencin Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Towamencin 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.
