Is Whitpain Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Whitpain Township has remained a Seller's Market.
Key Takeaway
Whitpain Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Whitpain Township, PA
How much do homes in Whitpain Township, PA cost?
Median Sold Price
$655,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Whitpain Township have sold for 11% more than they did a year ago.
Summary: The median home sold price in Whitpain Township was $655,000 in May 2024, up 11% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $251.4K | $252.5K | 0.4% |
| 2 Bedrooms | $361K | $352.5K | -2.4% |
| 3 Bedrooms | $515K | $603.5K | +17.2% |
| 4 Bedrooms | $685K | $737.5K | +7.7% |
| 5+ Bedrooms | $957.5K | $950K | -0.8% |
Summary: Whitpain Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Ambler | $551K | $650.6K | +18.1% |
| Blue Bell | $550K | $642.2K | +16.8% |
| Whitpain Township | $590K | $655K | +11.0% |
| Plymouth Meeting | $486K | $520K | +7.0% |
| Lower Gwynedd Township | $751.2K | $747.4K | -0.5% |
Housing Supply in Whitpain Township, PA
How many homes are available in Whitpain Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 56 | +7.7% |
Summary: The Whitpain Township real estate market had 56 homes for sale in May 2024, a 7.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 13 | 19 | +46.2% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Whitpain Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 46.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 17 | +142.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Whitpain Township, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Whitpain Township in May 2024, up by 142.9% month-over-month. Of the 17 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.
Days on Market for Whitpain Township, PA
How long does it take to sell a home in Whitpain Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 19 Days | +56.7% |
Summary: Homes in Whitpain Township had an average of 19 days on market in May 2024, up by 56.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Whitpain Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Whitpain Township; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
