Is North Wales, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Wales is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, North Wales has remained a Seller's Market.

Key Takeaway

North Wales is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Wales, PA

How much do homes in North Wales, PA cost?

Median Sold Price

$472,500

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$5,500(-1.2%)

Key Takeaway

Homes in North Wales have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in North Wales was $472,500 in September 2024, down 1.2% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $203K$221.5K
+9.1%
2 $305K$280K
-8.2%
3 $416.5K$447.5K
+7.4%
4 $699K$732.5K
+4.8%
5+ $627.5K$875K
+39.4%

Summary: North Wales housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 39.4%.

Median Sold Price Compared To Nearby Cities

Upper Gwynedd Township
+5.9%
North Wales
-1.2%

Housing Supply in North Wales, PA

How many homes are available in North Wales, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5756-1.8%

Summary: The North Wales real estate market had 56 homes for sale in September 2024, a 1.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 23
+50.0%
2 1014
+40.0%
3 2020
0.0%
4 2318
-21.7%
5+ 21
-50.0%

Summary: The North Wales housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2219-13.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Wales, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in North Wales in September 2024, down by 13.6% month-over-month. Of the 19 sold homes, 21% were sold under asking, 21% were sold at asking, and 58% were sold over asking.

Days on Market for North Wales, PA

How long does it take to sell a home in North Wales, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
15 Days12 Days-20.5%

Summary: Homes in North Wales had an average of 12 days on market in Sep 2024, down by 20.5% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Wales are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 19 homes were sold in North Wales; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in North Wales, PA

Nearby Markets to North Wales, PA

What housing markets are near North Wales, PA?