Is Whitemarsh 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, Whitemarsh Township has remained a Seller's Market.
Housing Prices in Whitemarsh Township, PA
How much do homes in Whitemarsh Township, PA cost?
Median Sold Price
$590,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Whitemarsh Township was $590,000 in May 2024, up 12.4% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $165K | N/A |
2 Bedrooms | $445K | $365K | -18.0% |
3 Bedrooms | $472.5K | $489.9K | +3.7% |
4 Bedrooms | $706K | $717.5K | +1.6% |
5+ Bedrooms | $900.5K | $1.2M | +33.3% |
Summary: Whitemarsh 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 decreased by 18%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 33.3%.
Median Sold Price Compared To Nearby Cities
Whitemarsh Township | $525K | $590K | +12.4% |
Lafayette Hill | $535K | $600K | +12.2% |
Plymouth Meeting | $486K | $520K | +7.0% |
Springfield Township | $450K | $475K | +5.6% |
Plymouth Township | $483.2K | $500K | +3.5% |
Housing Supply in Whitemarsh Township, PA
How many homes are available in Whitemarsh Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 55 | +19.6% |
Summary: The Whitemarsh Township real estate market had 55 homes for sale in May 2024, a 19.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 23 | 21 | -8.7% |
4 Bedrooms | 17 | 25 | +47.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Whitemarsh 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 100%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Whitemarsh Township in May 2024, up by 33.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% were sold over asking.
Days on Market for Whitemarsh Township, PA
How long does it take to sell a home in Whitemarsh Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 19 Days | +27.5% |
Summary: Homes in Whitemarsh Township had an average of 19 days on market in May 2024, up by 27.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Whitemarsh 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.