$7,351 Closing Credit*
$619,000
2,784 SqFt
3 Beds
•3 Full Baths, 1 Partial
Susan Kursman, Listing Office: BHHS Fox & Roach-Haverford
Is Upper Merion Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Upper Merion Township has remained a Seller's Market.
Key Takeaway
Upper Merion Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Merion Township, PA
How much do homes in Upper Merion Township, PA cost?
Median Sold Price
$506,500
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,166(+2.3%)
Key Takeaway
Homes in Upper Merion Township have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Upper Merion Township was $506,500 in November 2024, up 2.3% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304.5K | $200K | -34.3% |
| 2 Bedrooms | $305K | $363K | +19.0% |
| 3 Bedrooms | $475K | $506K | +6.5% |
| 4 Bedrooms | $534.5K | $580.5K | +8.6% |
| 5+ Bedrooms | $810K | $875K | +8.0% |
Summary: Upper Merion Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.3%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
| Bridgeport | $313K | $365K | +16.6% |
| Wayne | $650K | $750K | +15.4% |
| King Of Prussia | $462K | $484.1K | +4.8% |
| Upper Merion Township | $495.3K | $506.5K | +2.3% |
| West Norriton Township | $321K | $315K | -1.9% |
Housing Supply in Upper Merion Township, PA
How many homes are available in Upper Merion Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 92 | -1.1% |
Summary: The Upper Merion Township real estate market had 92 homes for sale in November 2024, a 1.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 52 | 52 | 0.0% |
| 4 Bedrooms | 25 | 20 | -20.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Upper Merion Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Merion Township, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Upper Merion Township in November 2024, down by 17.9% month-over-month. Of the 23 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% were sold over asking.
Days on Market for Upper Merion Township, PA
How long does it take to sell a home in Upper Merion Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 26 Days | +6.3% |
Summary: Homes in Upper Merion Township had an average of 26 days on market in Nov 2024, up by 6.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Upper Merion Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in Upper Merion Township; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
