Is Upper Moreland 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, Upper Moreland Township was a Seller's Market.
Housing Prices in Upper Moreland Township, PA
How much do homes in Upper Moreland Township, PA cost?
Median Sold Price
$400,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Upper Moreland Township was $400,000 in May 2024, up 5.3% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $289K | $280K | -3.1% |
3 Bedrooms | $375K | $381.5K | +1.7% |
4 Bedrooms | $437.5K | $456.5K | +4.3% |
5+ Bedrooms | $389.5K | $490K | +25.8% |
Summary: Upper Moreland 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 decreased by 3.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 25.8%.
Median Sold Price Compared To Nearby Cities
Hatboro | $384K | $430K | +12.0% |
Warminster Township | $420K | $449.8K | +7.1% |
Upper Moreland Township | $380K | $400K | +5.3% |
Lower Moreland Township | $587K | $569K | -3.1% |
Housing Supply in Upper Moreland Township, PA
How many homes are available in Upper Moreland Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 46 | +4.5% |
Summary: The Upper Moreland Township real estate market had 46 homes for sale in May 2024, a 4.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 20 | 20 | 0.0% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Upper Moreland Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 6 | -53.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Upper Moreland Township in May 2024, down by 53.8% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Upper Moreland Township, PA
How long does it take to sell a home in Upper Moreland Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 12 Days | -51.3% |
Summary: Homes in Upper Moreland Township had an average of 12 days on market in May 2024, down by 51.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Upper Moreland Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.