CENTURY21 Advantage Gold Market Report
Lansdale, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
Lansdale, PA
Thu Nov 21 2024
This week the median list price for Lansdale, PA is $1,474,995 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has decreased to 21.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $1,474,995 | |
| Median Price of New Listings | $509,250 | |
| Per Square Foot | $329 | |
| Average Days on Market | 169 | |
| Median Days on Market | 98 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 10% | |
| Inventory | 21 | |
| Median Rent | ||
| Market Action | 53 | |
| Strong Seller's Market | ||
The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they’re doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,899,995 | 4,658 | 1 - 2.5 acres | 4 | 4.5 | 174 | 0 | 0 | 259 |
| $1,648,500 | 4,000 | 0.5 - 1 acre | 4 | 5 | 0 | 0 | 0 | 294 |
| $1,100,000 | 3,995 | 0.5 - 1 acre | 4 | 3.5 | 33 | 1 | 2 | 98 |
| $479,500 | 1,931 | 0.25 - 0.5 acre | 3 | 2 | 73 | 3 | 3 | 21 |