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 April 2023
At the same time last year, Lower Gwynedd Township was a Seller's Market.
Key Takeaway
Lower Gwynedd Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lower Gwynedd Township, PA
How much do homes in Lower Gwynedd Township, PA cost?
Median Sold Price
$729,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lower Gwynedd Township have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Lower Gwynedd Township was $729,000 in April 2024, down 5.6% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181.2K | - | N/A |
| 2 Bedrooms | $299.9K | $336K | +12.0% |
| 3 Bedrooms | $535K | $525K | -1.9% |
| 4 Bedrooms | $840K | $889.9K | +5.9% |
| 5+ Bedrooms | $1.3M | $1.5M | +10.8% |
Summary: Lower Gwynedd 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 12%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Ambler | $540K | $648.9K | +20.2% |
| Lower Gwynedd Township | $772.1K | $729K | -5.6% |
Housing Supply in Lower Gwynedd Township, PA
How many homes are available in Lower Gwynedd Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Summary: The Lower Gwynedd Township real estate market had 31 homes for sale in April 2024, a 10.7% 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 | 2 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Lower Gwynedd 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Gwynedd Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lower Gwynedd Township in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 33 Days | +263.8% |
Summary: Homes in Lower Gwynedd Township had an average of 33 days on market in Apr 2024, up by 263.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Gwynedd Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Lower Gwynedd Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
