$7,469 Closing Credit*
$629,000
2,974 SqFt
3 Beds
•3 Full Baths
Joseph B Bograd, Listing Office: RE/MAX Elite
Is Upper Moreland 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 Moreland Township has remained a Seller's Market.
Key Takeaway
Upper Moreland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Moreland Township, PA
How much do homes in Upper Moreland Township, PA cost?
Median Sold Price
$430,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,350(+10.6%)
Key Takeaway
Homes in Upper Moreland Township have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Upper Moreland Township was $430,000 in November 2024, up 10.6% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $276K | $280K | +1.4% |
| 3 Bedrooms | $381.5K | $403.7K | +5.8% |
| 4 Bedrooms | $433.4K | $489.2K | +12.9% |
| 5+ Bedrooms | $495.5K | $540K | +9.0% |
Summary: Upper Moreland Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Lower Moreland Township | $575K | $655K | +13.9% |
| Upper Moreland Township | $388.6K | $430K | +10.6% |
| Warminster Township | $429.9K | $460K | +7.0% |
| Hatboro | $410K | $415K | +1.2% |
Housing Supply in Upper Moreland Township, PA
How many homes are available in Upper Moreland Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 30 | +3.4% |
Summary: The Upper Moreland Township real estate market had 30 homes for sale in November 2024, a 3.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Upper Moreland 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 50%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Moreland Township, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Upper Moreland Township in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% were sold over asking.
Days on Market for Upper Moreland Township, PA
How long does it take to sell a home in Upper Moreland Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 9 Days | -5.6% |
Summary: Homes in Upper Moreland Township had an average of 9 days on market in Nov 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Moreland Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Upper Moreland Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
