Is Lower Gwynedd 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 Gwynedd Township was a Seller's Market.
Housing Prices in Lower Gwynedd Township, PA
How much do homes in Lower Gwynedd Township, PA cost?
Median Sold Price
$747,450
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lower Gwynedd Township was $747,450 in May 2024, down 0.5% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $181.2K | - | N/A |
2 Bedrooms | $300K | $336K | +12.0% |
3 Bedrooms | $525K | $551.1K | +5.0% |
4 Bedrooms | $882K | $872.5K | -1.1% |
5+ Bedrooms | $1.3M | $1.5M | +13.2% |
Summary: Lower Gwynedd 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 12%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Cities
Ambler | $551K | $650.6K | +18.1% |
Lower Gwynedd Township | $751.2K | $747.4K | -0.5% |
Housing Supply in Lower Gwynedd Township, PA
How many homes are available in Lower Gwynedd Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 37 | +15.6% |
Summary: The Lower Gwynedd Township real estate market had 37 homes for sale in May 2024, a 15.6% 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 | 3 | 5 | +66.7% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Lower Gwynedd 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 increased by 66.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Lower Gwynedd Township in May 2024, down by 20.0% 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 Gwynedd Township, PA
How long does it take to sell a home in Lower Gwynedd Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 11 Days | +63.6% |
Summary: Homes in Lower Gwynedd Township had an average of 11 days on market in May 2024, up by 63.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Lower Gwynedd Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.