$10,000 Closing Credit*
$945,000
4,355 SqFt
4 Beds
•4 Full Baths, 1 Partial
John F O'Hara, Listing Office: RE/MAX Central - Blue Bell
Is Lower Providence 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 Providence Township has remained a Seller's Market.
Key Takeaway
Lower Providence Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Providence Township, PA
How much do homes in Lower Providence Township, PA cost?
Median Sold Price
$500,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$30,000(-5.7%)
Key Takeaway
Homes in Lower Providence Township have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in Lower Providence Township was $500,000 in October 2024, down 5.7% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $317.5K | $335K | +5.5% |
| 3 Bedrooms | $390K | $425.3K | +9.1% |
| 4 Bedrooms | $578.1K | $601.7K | +4.1% |
| 5+ Bedrooms | $655K | $680K | +3.8% |
Summary: Lower Providence 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 5.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Schuylkill Township | $616.7K | $670K | +8.6% |
| King Of Prussia | $454K | $488.6K | +7.6% |
| Upper Providence Township | $484.9K | $510K | +5.2% |
| West Norriton Township | $320K | $320K | 0.0% |
| Lower Providence Township | $530K | $500K | -5.7% |
Housing Supply in Lower Providence Township, PA
How many homes are available in Lower Providence Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 53 | +15.2% |
Summary: The Lower Providence Township real estate market had 53 homes for sale in October 2024, a 15.2% increase 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 | 3 | 6 | +100.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Lower Providence 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 increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 18 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Providence Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Lower Providence Township in October 2024, up by 100.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Lower Providence Township, PA
How long does it take to sell a home in Lower Providence Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 31 Days | +227.5% |
Summary: Homes in Lower Providence Township had an average of 31 days on market in Oct 2024, up by 227.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Providence Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Lower Providence Township; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
