$7,446 Closing Credit*
$627,000
5,130 SqFt
5 Beds
•4 Full Baths, 1 Partial
Kathleen S Pennington, Listing Office: RE/MAX Elite
Is London Grove Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 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
$520,500
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,000(+4.6%)
Key Takeaway
Homes in London Grove Township have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in London Grove Township was $520,500 in November 2024, up 4.6% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $456.5K | $507K | +11.1% |
| 3 Bedrooms | $400K | $425K | +6.3% |
| 4 Bedrooms | $575K | $555K | -3.5% |
| 5+ Bedrooms | $607.5K | $667.5K | +9.9% |
Summary: London Grove Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Landenberg | $585K | $630K | +7.7% |
| Avondale | $546.5K | $580K | +6.1% |
| London Grove Township | $497.5K | $520.5K | +4.6% |
| New Garden Township | $570K | $595K | +4.4% |
| West Grove | $444K | $425K | -4.3% |
Housing Supply in London Grove Township, PA
How many homes are available in London Grove Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The London Grove Township real estate market had 18 homes for sale in November 2024, a 12.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The London Grove Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were 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 Grove Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in London Grove Township in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 21 Days | +147.1% |
Summary: Homes in London Grove Township had an average of 21 days on market in Nov 2024, up by 147.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in London Grove Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in London Grove 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.
