$4,750 Closing Credit*
$400,000
1,135 SqFt
3 Beds
•1 Full Bath
Zachary T. Rank, Listing Office: Iron Valley Real Estate Doylestown
Is Lower Salford 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 Salford Township has remained a Seller's Market.
Key Takeaway
Lower Salford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Salford Township, PA
How much do homes in Lower Salford Township, PA cost?
Median Sold Price
$545,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+4.8%)
Key Takeaway
Homes in Lower Salford Township have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Lower Salford Township was $545,000 in October 2024, up 4.8% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $460K | $382.5K | -16.8% |
| 3 Bedrooms | $422.1K | $440K | +4.2% |
| 4 Bedrooms | $625K | $655K | +4.8% |
| 5+ Bedrooms | $797K | $722.5K | -9.3% |
Summary: Lower Salford 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 16.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Skippack Township | $455K | $530.7K | +16.6% |
| Lower Salford Township | $520K | $545K | +4.8% |
| Harleysville | $483.7K | $495K | +2.3% |
| Towamencin Township | $427.5K | $425K | -0.6% |
| Franconia Township | $490K | $474.9K | -3.1% |
Housing Supply in Lower Salford Township, PA
How many homes are available in Lower Salford Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 47 | +9.3% |
Summary: The Lower Salford Township real estate market had 47 homes for sale in October 2024, a 9.3% 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 | 2 | -33.3% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Lower Salford 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 decreased by 33.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Salford Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lower Salford Township in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Lower Salford Township, PA
How long does it take to sell a home in Lower Salford Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 10 Days | +16.9% |
Summary: Homes in Lower Salford Township had an average of 10 days on market in Oct 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Salford Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Lower Salford Township; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
