Is Lower Alsace 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 Alsace Township was a Neutral Market.
Key Takeaway
Lower Alsace Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Alsace Township, PA
How much do homes in Lower Alsace Township, PA cost?
Median Sold Price
$243,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lower Alsace Township have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Lower Alsace Township was $243,000 in May 2024, up 12.4% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $140K | +7.7% |
| 2 Bedrooms | $145K | $149.7K | +3.3% |
| 3 Bedrooms | $213.5K | $243K | +13.8% |
| 4 Bedrooms | $258.6K | $294.9K | +14.1% |
| 5+ Bedrooms | $427.8K | $395.5K | -7.6% |
Summary: Lower Alsace Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Reading | $180K | $239.9K | +33.3% |
| Lower Alsace Township | $216.1K | $243K | +12.4% |
| Exeter Township | $280.2K | $300K | +7.0% |
| Mount Penn | $178K | $185K | +3.9% |
Housing Supply in Lower Alsace Township, PA
How many homes are available in Lower Alsace Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Summary: The Lower Alsace Township real estate market had 19 homes for sale in May 2024, a 35.7% 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 | 3 | 0.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lower Alsace 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 increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Alsace Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Lower Alsace Township in May 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Lower Alsace Township, PA
How long does it take to sell a home in Lower Alsace Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 12 Days | +100.0% |
Summary: Homes in Lower Alsace Township had an average of 12 days on market in May 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Alsace Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Lower Alsace Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
