Is Towamencin 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, Towamencin Township has remained a Seller's Market.
Housing Prices in Towamencin Township, PA
How much do homes in Towamencin Township, PA cost?
Median Sold Price
$425,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Towamencin Township was $425,000 in May 2024, down 6.6% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $173K | $205K | +18.5% |
2 Bedrooms | $238.5K | $260K | +9.0% |
3 Bedrooms | $396K | $375K | -5.3% |
4 Bedrooms | $584K | $582.4K | -0.3% |
5+ Bedrooms | $607.5K | $690K | +13.6% |
Summary: Towamencin Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 9%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
Upper Gwynedd Township | $442.5K | $515.4K | +16.5% |
Lansdale | $407.9K | $425.2K | +4.2% |
Lower Salford Township | $542.4K | $520K | -4.1% |
Towamencin Township | $455K | $425K | -6.6% |
Housing Supply in Towamencin Township, PA
How many homes are available in Towamencin Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 64 | +52.4% |
Summary: The Towamencin Township real estate market had 64 homes for sale in May 2024, a 52.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 18 | 28 | +55.6% |
4 Bedrooms | 14 | 21 | +50.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Towamencin Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Towamencin Township in May 2024, up by 62.5% month-over-month. Of the 13 sold homes, 15% were sold under asking, 15% were sold at asking, and 69% were sold over asking.
Days on Market for Towamencin Township, PA
How long does it take to sell a home in Towamencin Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 12 Days | +67.2% |
Summary: Homes in Towamencin Township had an average of 12 days on market in May 2024, up by 67.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Towamencin Township; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.