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 April 2023
Since last year, Upper Moreland Township has remained a Seller's Market.
Housing Prices in Upper Moreland Township, PA
How much do homes in Upper Moreland Township, PA cost?
Median Sold Price
$401,250
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Upper Moreland Township was $401,250 in April 2024, up 2.9% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $273K | $282.5K | +3.5% |
3 Bedrooms | $375K | $380K | +1.3% |
4 Bedrooms | $450K | $469K | +4.2% |
5+ Bedrooms | $507K | $490K | -3.4% |
Summary: Upper Moreland 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 3.5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
Hatboro | $373K | $423K | +13.4% |
Warminster Township | $420K | $449.5K | +7.0% |
Upper Moreland Township | $389.9K | $401.2K | +2.9% |
Lower Moreland Township | $594.5K | $569K | -4.3% |
Housing Supply in Upper Moreland Township, PA
How many homes are available in Upper Moreland Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 46 | +48.4% |
Summary: The Upper Moreland Township real estate market had 46 homes for sale in April 2024, a 48.4% 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 | 2 | 4 | +100.0% |
3 Bedrooms | 15 | 20 | +33.3% |
4 Bedrooms | 10 | 18 | +80.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Upper Moreland 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 increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 13 | +160.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Upper Moreland Township in April 2024, up by 160.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 5 Days | -73.1% |
Summary: Homes in Upper Moreland Township had an average of 5 days on market in Apr 2024, down by 73.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Upper 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.