$3,503 Closing Credit*
$295,000
1,422 SqFt
2 Beds
•1 Full Bath, 2 Partial
Alexander McLemore, Listing Office: EXP Realty, LLC
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 November 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
$542,450
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$142,450(+35.6%)
Key Takeaway
Homes in Lower Milford Township have sold for 35.6% more than they did a year ago.
Summary: The median home sold price in Lower Milford Township was $542,450 in November 2024, up 35.6% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $845K | $320K | -62.1% |
| 3 Bedrooms | $377.5K | $413.2K | +9.5% |
| 4 Bedrooms | $472.5K | $529.9K | +12.1% |
| 5+ Bedrooms | $400K | $767.4K | +91.9% |
Summary: Lower Milford 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 decreased by 62.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 91.9%.
Median Sold Price Compared To Nearby Cities
| Lower Milford Township | $400K | $542.4K | +35.6% |
| Upper Milford Township | $420.8K | $425K | +1.0% |
| Milford Township | $419.9K | $422.5K | +0.6% |
| Zionsville | $500K | $425K | -15.0% |
Housing Supply in Lower Milford Township, PA
How many homes are available in Lower Milford Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Lower Milford Township real estate market had 10 homes for sale in November 2024, a 23.1% decrease 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 | 1 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Lower Milford 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Milford Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lower Milford Township in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 46 Days | +430.8% |
Summary: Homes in Lower Milford Township had an average of 46 days on market in Nov 2024, up by 430.8% compared to last year.
Breakdown of Home Sale Times
2 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 Milford Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Lower Milford Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
