$4,900,000
7,200 SqFt
5 Beds
•3 Full Baths, 1 Partial
Listing Office: Rudy Amelio Real Estate
Is Lower Milford Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lower Milford Township has remained a Seller's Market.
Key Takeaway
Lower Milford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Milford Township, PA
How much do homes in Lower Milford Township, PA cost?
Median Sold Price
$450,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,000(+6.9%)
Key Takeaway
Homes in Lower Milford Township have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Lower Milford Township was $450,000 in October 2024, up 6.9% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $845K | $285K | -66.3% |
| 3 Bedrooms | $401K | $350K | -12.7% |
| 4 Bedrooms | $525K | $529.9K | +0.9% |
| 5+ Bedrooms | $400K | $769.9K | +92.5% |
Summary: Lower Milford 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 decreased by 66.3%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 92.5%.
Median Sold Price Compared To Nearby Cities
| Lower Milford Township | $421K | $450K | +6.9% |
| Upper Milford Township | $407K | $425K | +4.4% |
| Milford Township | $416.2K | $425K | +2.1% |
| Zionsville | $499K | $425K | -14.8% |
Housing Supply in Lower Milford Township, PA
How many homes are available in Lower Milford Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Lower Milford Township real estate market had 13 homes for sale in October 2024, a 7.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lower Milford 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Milford Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Lower Milford Township in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Lower Milford Township, PA
How long does it take to sell a home in Lower Milford Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 46 Days | +325.0% |
Summary: Homes in Lower Milford Township had an average of 46 days on market in Oct 2024, up by 325% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lower Milford Township has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Lower Milford Township; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
