Is Lower Alsace Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lower Alsace Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Lower Alsace Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lower Alsace Township, PA

How much do homes in Lower Alsace Township, PA cost?

Median Sold Price

$255,000

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,000(+5.8%)

Key Takeaway

Homes in Lower Alsace Township have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Lower Alsace Township was $255,000 in October 2024, up 5.8% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $140K-
N/A
2 $152.3K$160K
+5.0%
3 $240K$239.9K
0%
4 $281.5K$285.5K
+1.4%
5+ $270.7K$374K
+38.1%

Summary: Lower Alsace Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 38.1%.

Median Sold Price Compared To Nearby Cities

Saint Lawrence
+30.4%
Mount Penn
+13.9%
Reading
+11.6%
Lower Alsace Township
+5.8%
Exeter Township
+3.3%

Housing Supply in Lower Alsace Township, PA

How many homes are available in Lower Alsace Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2519-24.0%

Summary: The Lower Alsace Township real estate market had 19 homes for sale in October 2024, a 24.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 108
-20.0%
4 107
-30.0%
5+ 32
-33.3%

Summary: The Lower Alsace Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
880.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lower Alsace Township, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Lower Alsace Township in October 2024, the same as the previous month. Of the 8 sold homes, 0% were sold under asking, 38% were sold at asking, and 63% were sold over asking.

Days on Market for Lower Alsace Township, PA

How long does it take to sell a home in Lower Alsace Township, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days13 Days-34.4%

Summary: Homes in Lower Alsace Township had an average of 13 days on market in Oct 2024, down by 34.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in Lower Alsace Township; 88% of homes were sold within 30 days, 13% 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 16 Days Ago

Newest Listings in Lower Alsace Township, PA

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