$8,313 Closing Credit*
$700,000
2,490 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michelle Mustin, Listing Office: Compass Pennsylvania, LLC
Is North Wales, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, North Wales has remained a Seller's Market.
Key Takeaway
North Wales is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Wales, PA
How much do homes in North Wales, PA cost?
Median Sold Price
$480,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$20,000(+4.3%)
Key Takeaway
Homes in North Wales have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in North Wales was $480,000 in December 2024, up 4.3% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | $221.5K | +19.1% |
| 2 Bedrooms | $305K | $277.5K | -9.0% |
| 3 Bedrooms | $424K | $451K | +6.4% |
| 4 Bedrooms | $737.5K | $720K | -2.4% |
| 5+ Bedrooms | $627.5K | $900K | +43.4% |
Summary: North Wales housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes decreased by 9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 43.4%.
Median Sold Price Compared To Nearby Cities
| North Wales | $460K | $480K | +4.3% |
| Upper Gwynedd Township | $498K | $510K | +2.4% |
Housing Supply in North Wales, PA
How many homes are available in North Wales, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 52 | 43 | -17.3% |
Summary: The North Wales real estate market had 43 homes for sale in December 2024, a 17.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 26 | 21 | -19.2% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The North Wales housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Wales, you could pay more than the asking price. 55% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in North Wales in December 2024, up by 53.8% month-over-month. Of the 20 sold homes, 35% were sold under asking, 10% were sold at asking, and 55% were sold over asking.
Days on Market for North Wales, PA
How long does it take to sell a home in North Wales, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 10 Days | 12 Days | +17.5% |
Summary: Homes in North Wales had an average of 12 days on market in Dec 2024, up by 17.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Wales are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 20 homes were sold in North Wales; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
