Is London Grove Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing London Grove Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, London Grove Township has remained a Seller's Market.

Key Takeaway

London Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in London Grove Township, PA

How much do homes in London Grove Township, PA cost?

Median Sold Price

$650,000

$214/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$182,500(+39.0%)

Key Takeaway

Homes in London Grove Township have sold for 39% more than they did a month ago.

Summary: The median home sold price in London Grove Township was $650,000 in December 2024, up 39% from last month, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $635K$420K
-33.9%
4 $467.5K$675K
+44.4%
5+ $370.1K-
N/A

Summary: London Grove Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 33.9%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

London Grove Township
+39.0%
Landenberg
+29.7%
Avondale
-6.0%

Housing Supply in London Grove Township, PA

How many homes are available in London Grove Township, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1817-5.6%

Summary: The London Grove Township real estate market had 17 homes for sale in December 2024, a 5.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 1110
-9.1%
5+ 33
0.0%

Summary: The London Grove Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in London Grove Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in London Grove Township in December 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for London Grove Township, PA

How long does it take to sell a home in London Grove Township, PA?

Average Sale Time

Nov 2024Dec 2024CHANGE
21 Days6 Days-69.9%

Summary: Homes in London Grove Township had an average of 6 days on market in Dec 2024, down by 69.9% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in London Grove Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in London Grove 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.

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

Report Updated 4 Days Ago

Newest Listings in London Grove Township, PA

Nearby Markets to London Grove Township, PA

What housing markets are near London Grove Township, PA?