Is London Britain 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, London Britain Township was a Seller's Market.
Key Takeaway
London Britain 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 London Britain Township, PA
How much do homes in London Britain Township, PA cost?
Median Sold Price
$632,500
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in London Britain Township have sold for 23.4% more than they did a year ago.
Summary: The median home sold price in London Britain Township was $632,500 in May 2024, up 23.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $539K | - | N/A |
| 3 Bedrooms | $436K | $455K | +4.4% |
| 4 Bedrooms | $535K | $650K | +21.5% |
| 5+ Bedrooms | $770K | $1.0M | +29.9% |
Summary: London Britain 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 did not change, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 29.9%.
Median Sold Price Compared To Nearby Cities
| London Britain Township | $512.5K | $632.5K | +23.4% |
| Landenberg | $545K | $625K | +14.7% |
| Piedmont | $583K | $631.3K | +8.3% |
| New Garden Township | $545K | $581K | +6.6% |
| Franklin Township | $488.2K | $515K | +5.5% |
Housing Supply in London Britain Township, PA
How many homes are available in London Britain Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Summary: The London Britain Township real estate market had 12 homes for sale in May 2024, a 100.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The London Britain 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 200%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in London Britain Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in London Britain Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for London Britain Township, PA
How long does it take to sell a home in London Britain Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 15 Days | +98.7% |
Summary: Homes in London Britain Township had an average of 15 days on market in May 2024, up by 98.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in London Britain Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in London Britain Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
