Is Hatboro, 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, Hatboro was a Seller's Market.
Key Takeaway
Hatboro is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hatboro, PA
How much do homes in Hatboro, PA cost?
Median Sold Price
$430,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hatboro have sold for 12% more than they did a year ago.
Summary: The median home sold price in Hatboro was $430,000 in May 2024, up 12% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $176K | N/A |
| 2 Bedrooms | $250K | $226.5K | -9.4% |
| 3 Bedrooms | $382.5K | $394.5K | +3.1% |
| 4 Bedrooms | $435K | $470K | +8.0% |
| 5+ Bedrooms | $443.5K | $565K | +27.4% |
Summary: Hatboro 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 9.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 27.4%.
Median Sold Price Compared To Nearby Cities
| Hatboro | $384K | $430K | +12.0% |
| Horsham | $365K | $400K | +9.6% |
| Warminster Township | $420K | $449.8K | +7.1% |
| Warminster | $420K | $449.9K | +7.1% |
| Upper Moreland Township | $380K | $400K | +5.3% |
Housing Supply in Hatboro, PA
How many homes are available in Hatboro, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 40 | +29.0% |
Summary: The Hatboro real estate market had 40 homes for sale in May 2024, a 29.0% increase 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 14 | 19 | +35.7% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Hatboro 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 increased by 100%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hatboro, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Hatboro in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Hatboro, PA
How long does it take to sell a home in Hatboro, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 4 Days | -65.8% |
Summary: Homes in Hatboro had an average of 4 days on market in May 2024, down by 65.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hatboro are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Hatboro; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
