Is Limerick Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Limerick Township has remained a Seller's Market.
Housing Prices in Limerick Township, PA
How much do homes in Limerick Township, PA cost?
Median Sold Price
$472,495
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Limerick Township was $472,495 in May 2024, up 13.3% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $200K | -4.8% |
2 Bedrooms | $255K | $280K | +9.8% |
3 Bedrooms | $416K | $472.4K | +13.6% |
4 Bedrooms | $635K | $643K | +1.3% |
5+ Bedrooms | $652.5K | $750K | +14.9% |
Summary: Limerick Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
Pottstown | $271.6K | $310K | +14.1% |
Limerick Township | $417K | $472.4K | +13.3% |
Royersford | $364.2K | $409.3K | +12.4% |
Lower Pottsgrove Township | $350K | $342.5K | -2.1% |
East Vincent Township | $520K | $502K | -3.5% |
Housing Supply in Limerick Township, PA
How many homes are available in Limerick Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 50 | +11.1% |
Summary: The Limerick Township real estate market had 50 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Limerick Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Limerick Township in May 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Limerick Township, PA
How long does it take to sell a home in Limerick Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 11 Days | -48.2% |
Summary: Homes in Limerick Township had an average of 11 days on market in May 2024, down by 48.2% 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
Summary: During May 2024, 10 homes were sold in Limerick 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.