$4,038 Closing Credit*
$340,000
837 SqFt
2 Beds
•2 Full Baths
Senol Onal, Listing Office: RE/MAX Properties - Newtown
Is Lower Southampton 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 Southampton Township has remained a Seller's Market.
Key Takeaway
Lower Southampton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Southampton Township, PA
How much do homes in Lower Southampton Township, PA cost?
Median Sold Price
$460,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+7.0%)
Key Takeaway
Homes in Lower Southampton Township have sold for 7% more than they did a year ago.
Summary: The median home sold price in Lower Southampton Township was $460,000 in October 2024, up 7% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $180K | -41.9% |
| 2 Bedrooms | $380K | $360.5K | -5.1% |
| 3 Bedrooms | $398.9K | $435K | +9.0% |
| 4 Bedrooms | $525K | $585K | +11.4% |
| 5+ Bedrooms | $520K | $500K | -3.8% |
Summary: Lower Southampton Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.9%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Southampton | $458.5K | $518.9K | +13.2% |
| Feasterville Trevose | $435K | $471.6K | +8.4% |
| Lower Southampton Township | $430K | $460K | +7.0% |
| Middletown Township | $391.6K | $407K | +3.9% |
| Upper Southampton Township | $440K | $439K | -0.2% |
Housing Supply in Lower Southampton Township, PA
How many homes are available in Lower Southampton Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 42 | -2.3% |
Summary: The Lower Southampton Township real estate market had 42 homes for sale in October 2024, a 2.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Lower Southampton Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Southampton Township, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Lower Southampton Township in October 2024, down by 26.7% month-over-month. Of the 11 sold homes, 36% were sold under asking, 55% were sold at asking, and 9% were sold over asking.
Days on Market for Lower Southampton Township, PA
How long does it take to sell a home in Lower Southampton Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 60 Days | +299.0% |
Summary: Homes in Lower Southampton Township had an average of 60 days on market in Oct 2024, up by 299% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Southampton Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Lower Southampton Township; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
