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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Whitemarsh Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Whitemarsh Township, PA

How much do homes in Whitemarsh Township, PA cost?

Median Sold Price

$620,000

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$46,000(+8.0%)

Key Takeaway

Homes in Whitemarsh Township have sold for 8% more than they did a year ago.

Summary: The median home sold price in Whitemarsh Township was $620,000 in November 2024, up 8% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K$234.5K
+42.1%
2 $425K$355.6K
-16.3%
3 $485K$542.5K
+11.9%
4 $692.5K$730K
+5.4%
5+ $882.5K$1.2M
+43.1%

Summary: Whitemarsh Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.1%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 43.1%.

Median Sold Price Compared To Nearby Cities

Lafayette Hill
+17.5%
Plymouth Meeting
+11.1%
Whitemarsh Township
+8.0%
Plymouth Township
+7.2%
Springfield Township
+5.7%

Housing Supply in Whitemarsh Township, PA

How many homes are available in Whitemarsh Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4947-4.1%

Summary: The Whitemarsh Township real estate market had 47 homes for sale in November 2024, a 4.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 31
-66.7%
3 1718
+5.9%
4 2221
-4.5%
5+ 67
+16.7%

Summary: The Whitemarsh Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1013+30.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Whitemarsh Township, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Whitemarsh Township in November 2024, up by 30.0% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.

Days on Market for Whitemarsh Township, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days20 Days+2.5%

Summary: Homes in Whitemarsh Township had an average of 20 days on market in Nov 2024, up by 2.5% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 13 homes were sold in Whitemarsh Township; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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 Whitemarsh Township, PA

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