Is Lower 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, Lower Moreland Township was a Seller's Market.
Key Takeaway
Lower Moreland Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower Moreland Township, PA
How much do homes in Lower Moreland Township, PA cost?
Median Sold Price
$569,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lower Moreland Township have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Lower Moreland Township was $569,000 in May 2024, down 3.1% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $360K | $375K | +4.2% |
| 3 Bedrooms | $480K | $532K | +10.8% |
| 4 Bedrooms | $620K | $655K | +5.6% |
| 5+ Bedrooms | $780K | $720K | -7.7% |
Summary: Lower 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 increased by 4.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Upper Moreland Township | $380K | $400K | +5.3% |
| Upper Southampton Township | $422.5K | $440K | +4.1% |
| Lower Southampton Township | $425K | $440K | +3.5% |
| Lower Moreland Township | $587K | $569K | -3.1% |
Housing Supply in Lower Moreland Township, PA
How many homes are available in Lower Moreland Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 48 | +33.3% |
Summary: The Lower Moreland Township real estate market had 48 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 13 | 21 | +61.5% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Lower 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 61.5%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Moreland Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lower Moreland Township in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lower Moreland Township, PA
How long does it take to sell a home in Lower Moreland Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 5 Days | -74.4% |
Summary: Homes in Lower Moreland Township had an average of 5 days on market in May 2024, down by 74.4% compared to last year.
Breakdown of Home Sale Times
4 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 Lower Moreland Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Lower Moreland 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.
