Is Towamensing Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Towamensing Township has remained a Seller's Market.
Housing Prices in Towamensing Township, PA
How much do homes in Towamensing Township, PA cost?
Median Sold Price
$315,000
$178/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Towamensing Township was $315,000 in May 2024, down 4.5% from last month, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $165K | $250K | +51.5% |
3 Bedrooms | $330K | $315K | -4.5% |
4 Bedrooms | - | $600K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Towamensing Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.5%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Towamensing Township, PA
How many homes are available in Towamensing Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Summary: The Towamensing Township real estate market had 20 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Towamensing Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Towamensing Township in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Towamensing Township, PA
How long does it take to sell a home in Towamensing Township, PA?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 Days | 7 Days | -78.8% |
Summary: Homes in Towamensing Township had an average of 7 days on market in May 2024, down by 78.8% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Towamensing Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.