Is London Grove 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, London Grove Township has remained a Seller's Market.
Housing Prices in London Grove Township, PA
How much do homes in London Grove Township, PA cost?
Median Sold Price
$530,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in London Grove Township was $530,000 in April 2024, up 14.6% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $424.3K | $499.5K | +17.7% |
3 Bedrooms | $355K | $410K | +15.5% |
4 Bedrooms | $545.5K | $580K | +6.3% |
5+ Bedrooms | $622.5K | $630K | +1.2% |
Summary: London Grove 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 17.7%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
Avondale | $460K | $550K | +19.6% |
London Grove Township | $462.5K | $530K | +14.6% |
West Grove | $390K | $445.7K | +14.3% |
Landenberg | $539K | $612K | +13.5% |
New Garden Township | $546.5K | $585K | +7.0% |
Housing Supply in London Grove Township, PA
How many homes are available in London Grove Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 18 | +38.5% |
Summary: The London Grove Township real estate market had 18 homes for sale in April 2024, a 38.5% increase 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 | 4 | 7 | +75.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The London Grove 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 increased by 75%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in London Grove Township in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for London Grove Township, PA
How long does it take to sell a home in London Grove Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 90 Days | +823.1% |
Summary: Homes in London Grove Township had an average of 90 days on market in Apr 2024, up by 823.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in London Grove Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.