$6,116 Closing Credit*
$515,000
2,842 SqFt
5 Beds
•2 Full Baths, 1 Partial
Christine M Port, Listing Office: Coldwell Banker Hearthside Realtors-Collegeville
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 December 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
$505,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$8,500(+1.7%)
Key Takeaway
Homes in Upper Merion Township have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Upper Merion Township was $505,000 in December 2024, up 1.7% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304.5K | $200K | -34.3% |
| 2 Bedrooms | $305K | $356.5K | +16.9% |
| 3 Bedrooms | $477.5K | $507.5K | +6.3% |
| 4 Bedrooms | $530K | $576K | +8.7% |
| 5+ Bedrooms | $845K | $840K | -0.6% |
Summary: Upper Merion Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.3%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Bridgeport | $310K | $375K | +21.0% |
| Wayne | $660K | $750K | +13.6% |
| King Of Prussia | $465K | $475K | +2.2% |
| Upper Merion Township | $496.5K | $505K | +1.7% |
| West Norriton Township | $327.9K | $308K | -6.1% |
Housing Supply in Upper Merion Township, PA
How many homes are available in Upper Merion Township, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 88 | 73 | -17.0% |
Summary: The Upper Merion Township real estate market had 73 homes for sale in December 2024, a 17.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 48 | 41 | -14.6% |
| 4 Bedrooms | 20 | 14 | -30.0% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Upper Merion Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.6%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Merion Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Upper Merion Township in December 2024, down by 21.7% month-over-month. Of the 18 sold homes, 28% were sold under asking, 17% were sold at asking, and 56% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 12 Days | 25 Days | +102.2% |
Summary: Homes in Upper Merion Township had an average of 25 days on market in Dec 2024, up by 102.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 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 December 2024, 18 homes were sold in Upper Merion Township; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
