Is Lower Moreland 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 Moreland Township was a Seller's Market.
Key Takeaway
Lower Moreland 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 Moreland Township, PA
How much do homes in Lower Moreland Township, PA cost?
Median Sold Price
$569,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lower Moreland Township have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Lower Moreland Township was $569,000 in April 2024, down 4.3% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $360K | $375K | +4.2% |
| 3 Bedrooms | $480K | $505K | +5.2% |
| 4 Bedrooms | $620K | $626K | +1.0% |
| 5+ Bedrooms | $765K | $745.2K | -2.6% |
Summary: Lower Moreland 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 4.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Lower Southampton Township | $420K | $447.5K | +6.5% |
| Upper Moreland Township | $389.9K | $401.2K | +2.9% |
| Upper Southampton Township | $425K | $435K | +2.4% |
| Lower Moreland Township | $594.5K | $569K | -4.3% |
Housing Supply in Lower Moreland Township, PA
How many homes are available in Lower Moreland Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 38 | +22.6% |
Summary: The Lower Moreland Township real estate market had 38 homes for sale in April 2024, a 22.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 5 | 11 | +120.0% |
Summary: The Lower Moreland 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 increased by 25%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 120%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Moreland Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Lower Moreland Township in April 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Lower Moreland Township, PA
How long does it take to sell a home in Lower Moreland Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 45 Days | +50.0% |
Summary: Homes in Lower Moreland Township had an average of 45 days on market in Apr 2024, up by 50% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lower Moreland Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Lower Moreland Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
