Is Upper Providence Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Upper Providence Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Upper Providence Township has remained a Seller's Market.

Key Takeaway

Upper Providence Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Upper Providence Township, PA

How much do homes in Upper Providence Township, PA cost?

Median Sold Price

$538,626

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$58,626(+12.2%)

Key Takeaway

Homes in Upper Providence Township have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in Upper Providence Township was $538,626 in November 2024, up 12.2% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $169.9K$179.5K
+5.7%
2 $220K$285K
+29.5%
3 $437.5K$440K
+0.6%
4 $700K$754.5K
+7.8%
5+ $905K$870K
-3.9%

Summary: Upper Providence Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 29.5%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 3.9%.

Median Sold Price Compared To Nearby Cities

Mont Clare
+20.0%
Upper Providence Township
+12.2%
Phoenixville
+8.8%
Collegeville
+2.8%
Trappe
-1.2%

Housing Supply in Upper Providence Township, PA

How many homes are available in Upper Providence Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6965-5.8%

Summary: The Upper Providence Township real estate market had 65 homes for sale in November 2024, a 5.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 96
-33.3%
3 3030
0.0%
4 1715
-11.8%
5+ 1111
0.0%

Summary: The Upper Providence Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2315-34.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Upper Providence Township, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Upper Providence Township in November 2024, down by 34.8% month-over-month. Of the 15 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.

Days on Market for Upper Providence Township, PA

How long does it take to sell a home in Upper Providence Township, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
11 Days15 Days+40.2%

Summary: Homes in Upper Providence Township had an average of 15 days on market in Nov 2024, up by 40.2% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Upper Providence Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 15 homes were sold in Upper Providence Township; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Upper Providence Township, PA

Nearby Markets to Upper Providence Township, PA

What housing markets are near Upper Providence Township, PA?