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 May 2023
Since last year, London Grove Township has remained a Seller's Market.
Key Takeaway
London Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in London Grove Township, PA
How much do homes in London Grove Township, PA cost?
Median Sold Price
$549,700
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in London Grove Township have sold for 18.7% more than they did a year ago.
Summary: The median home sold price in London Grove Township was $549,700 in May 2024, up 18.7% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $450K | $549K | +22.0% |
| 3 Bedrooms | $355K | $423.7K | +19.4% |
| 4 Bedrooms | $531.7K | $595K | +11.9% |
| 5+ Bedrooms | $530K | $630K | +18.9% |
Summary: London Grove 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 22%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Avondale | $463K | $550K | +18.8% |
| London Grove Township | $463K | $549.7K | +18.7% |
| Landenberg | $545K | $625K | +14.7% |
| West Grove | $410K | $439.5K | +7.2% |
| New Garden Township | $545K | $581K | +6.6% |
Housing Supply in London Grove Township, PA
How many homes are available in London Grove Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The London Grove Township real estate market had 21 homes for sale in May 2024, a 10.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The London Grove 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 decreased by 42.9%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in London Grove Township, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in London Grove Township in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 4 Days | -45.9% |
Summary: Homes in London Grove Township had an average of 4 days on market in May 2024, down by 45.9% compared to last year.
Breakdown of Home Sale Times
6 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 London Grove Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in London Grove 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.
