Is Doylestown 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, Doylestown Township was a Seller's Market.
Key Takeaway
Doylestown Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Doylestown Township, PA
How much do homes in Doylestown Township, PA cost?
Median Sold Price
$642,500
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Doylestown Township have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Doylestown Township was $642,500 in May 2024, up 4.2% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.1K | $304.5K | +23.2% |
| 2 Bedrooms | $327.9K | $353K | +7.7% |
| 3 Bedrooms | $488.4K | $525K | +7.5% |
| 4 Bedrooms | $750.5K | $774.3K | +3.2% |
| 5+ Bedrooms | $880K | $900K | +2.3% |
Summary: Doylestown Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Warrington Township | $510K | $560K | +9.8% |
| Doylestown | $605K | $635K | +5.0% |
| Doylestown Township | $616.8K | $642.5K | +4.2% |
| New Britain Township | $506.2K | $497.5K | -1.7% |
Housing Supply in Doylestown Township, PA
How many homes are available in Doylestown Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 161 | 187 | +16.1% |
Summary: The Doylestown Township real estate market had 187 homes for sale in May 2024, a 16.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 61 | 57 | -6.6% |
| 4 Bedrooms | 59 | 75 | +27.1% |
| 5+ Bedrooms | 22 | 34 | +54.5% |
Summary: The Doylestown Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 27.1%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 28 | -37.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Doylestown Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Doylestown Township in May 2024, down by 37.8% month-over-month. Of the 28 sold homes, 18% were sold under asking, 32% were sold at asking, and 50% were sold over asking.
Days on Market for Doylestown Township, PA
How long does it take to sell a home in Doylestown Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 12 Days | -24.1% |
Summary: Homes in Doylestown Township had an average of 12 days on market in May 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Doylestown Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 28 homes were sold in Doylestown Township; 93% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
