Is Lower Heidelberg Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lower Heidelberg Township has remained a Seller's Market.
Key Takeaway
Lower Heidelberg Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Heidelberg Township, PA
How much do homes in Lower Heidelberg Township, PA cost?
Median Sold Price
$549,900
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lower Heidelberg Township have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Lower Heidelberg Township was $549,900 in May 2024, up 2.8% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $359.9K | $375K | +4.2% |
| 3 Bedrooms | $314.5K | $340K | +8.1% |
| 4 Bedrooms | $549.7K | $557K | +1.3% |
| 5+ Bedrooms | $600K | $573.7K | -4.4% |
Summary: Lower Heidelberg Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Sinking Spring | $255K | $294.9K | +15.6% |
| Lower Heidelberg Township | $535K | $549.9K | +2.8% |
| Spring Township | $295K | $299.8K | +1.6% |
| Wernersville | $278.8K | $277.4K | -0.5% |
Housing Supply in Lower Heidelberg Township, PA
How many homes are available in Lower Heidelberg Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Summary: The Lower Heidelberg Township real estate market had 24 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lower Heidelberg Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Heidelberg Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Lower Heidelberg Township in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Lower Heidelberg Township, PA
How long does it take to sell a home in Lower Heidelberg Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 105 Days | +437.6% |
Summary: Homes in Lower Heidelberg Township had an average of 105 days on market in May 2024, up by 437.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lower Heidelberg Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Lower Heidelberg Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
