Is Abington 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, Abington Township was a Seller's Market.
Housing Prices in Abington Township, PA
How much do homes in Abington Township, PA cost?
Median Sold Price
$415,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Abington Township was $415,000 in May 2024, up 6.1% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137K | $111.5K | -18.6% |
2 Bedrooms | $260.1K | $260K | 0% |
3 Bedrooms | $375K | $390K | +4.0% |
4 Bedrooms | $465K | $486.5K | +4.6% |
5+ Bedrooms | $717.5K | $674.9K | -5.9% |
Summary: Abington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
Abington Township | $391.3K | $415K | +6.1% |
Jenkintown | $449K | $456.7K | +1.7% |
Lower Moreland Township | $587K | $569K | -3.1% |
Dresher | $601K | $565K | -6.0% |
Housing Supply in Abington Township, PA
How many homes are available in Abington Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
147 | 172 | +17.0% |
Summary: The Abington Township real estate market had 172 homes for sale in May 2024, a 17.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 13 | 20 | +53.8% |
3 Bedrooms | 55 | 62 | +12.7% |
4 Bedrooms | 47 | 54 | +14.9% |
5+ Bedrooms | 30 | 35 | +16.7% |
Summary: The Abington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 53.8%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 26 | -27.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Abington Township in May 2024, down by 27.8% month-over-month. Of the 26 sold homes, 27% were sold under asking, 31% were sold at asking, and 42% were sold over asking.
Days on Market for Abington Township, PA
How long does it take to sell a home in Abington Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 30 Days | +98.9% |
Summary: Homes in Abington Township had an average of 30 days on market in May 2024, up by 98.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Abington Township; 81% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.