Is Lower Milford Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lower Milford Township was a Buyer's Market.
Housing Prices in Lower Milford Township, PA
How much do homes in Lower Milford Township, PA cost?
Median Sold Price
$401,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lower Milford Township was $401,000 in May 2024, down 10.3% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | - | N/A |
2 Bedrooms | $845K | $285K | -66.3% |
3 Bedrooms | $370.2K | $395.9K | +6.9% |
4 Bedrooms | $525K | $550K | +4.8% |
5+ Bedrooms | $700K | $769.9K | +10.0% |
Summary: Lower Milford Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 66.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
Upper Milford Township | $384.5K | $432.5K | +12.5% |
Zionsville | $499K | $529.9K | +6.2% |
Milford Township | $419.9K | $395K | -5.9% |
Lower Milford Township | $447K | $401K | -10.3% |
Housing Supply in Lower Milford Township, PA
How many homes are available in Lower Milford Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Summary: The Lower Milford Township real estate market had 9 homes for sale in May 2024, a 18.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lower Milford Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lower Milford Township in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Lower Milford Township, PA
How long does it take to sell a home in Lower Milford Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 27 Days | +295.2% |
Summary: Homes in Lower Milford Township had an average of 27 days on market in May 2024, up by 295.2% compared to last year.
Breakdown of Home Sale Times
2 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, 3 homes were sold in Lower Milford Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.