$7,826 Closing Credit*
$659,000
2,421 SqFt
3 Beds
•2 Full Baths, 1 Partial
Michelle Mustin, Listing Office: Compass Pennsylvania, LLC
Is Lower Gwynedd 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, Lower Gwynedd Township has remained a Seller's Market.
Key Takeaway
Lower Gwynedd Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Gwynedd Township, PA
How much do homes in Lower Gwynedd Township, PA cost?
Median Sold Price
$620,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$127,450(-17.1%)
Key Takeaway
Homes in Lower Gwynedd Township have sold for 17.1% less than they did a year ago.
Summary: The median home sold price in Lower Gwynedd Township was $620,000 in November 2024, down 17.1% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $250K | N/A |
| 2 Bedrooms | $332K | $343K | +3.3% |
| 3 Bedrooms | $535K | $550K | +2.8% |
| 4 Bedrooms | $894.9K | $975K | +8.9% |
| 5+ Bedrooms | $1.5M | $1.4M | -5.0% |
Summary: Lower Gwynedd 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 3.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Ambler | $624K | $682.8K | +9.4% |
| Lower Gwynedd Township | $747.4K | $620K | -17.1% |
Housing Supply in Lower Gwynedd Township, PA
How many homes are available in Lower Gwynedd Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 38 | -19.1% |
Summary: The Lower Gwynedd Township real estate market had 38 homes for sale in November 2024, a 19.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Lower Gwynedd Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Gwynedd Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Lower Gwynedd Township in November 2024, down by 28.6% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Lower Gwynedd Township, PA
How long does it take to sell a home in Lower Gwynedd Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 20 Days | -49.6% |
Summary: Homes in Lower Gwynedd Township had an average of 20 days on market in Nov 2024, down by 49.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Gwynedd Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Lower Gwynedd Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
