Is Perkiomen 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, Perkiomen Township has remained a Seller's Market.
Housing Prices in Perkiomen Township, PA
How much do homes in Perkiomen Township, PA cost?
Median Sold Price
$435,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Perkiomen Township was $435,000 in May 2024, up 8.8% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $316.5K | $275.2K | -13.0% |
3 Bedrooms | $355K | $386.5K | +8.9% |
4 Bedrooms | $566K | $555K | -1.9% |
5+ Bedrooms | - | $665K | N/A |
Summary: Perkiomen 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 13%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Schwenksville | $350K | $500K | +42.9% |
Perkiomen Township | $400K | $435K | +8.8% |
Skippack Township | $452.5K | $488K | +7.8% |
Lower Frederick Township | $325K | $348.5K | +7.2% |
Trappe | $397.5K | $395K | -0.6% |
Housing Supply in Perkiomen Township, PA
How many homes are available in Perkiomen Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Summary: The Perkiomen Township real estate market had 15 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Perkiomen 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Perkiomen Township in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Perkiomen Township, PA
How long does it take to sell a home in Perkiomen Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 7 Days | -74.3% |
Summary: Homes in Perkiomen Township had an average of 7 days on market in May 2024, down by 74.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Perkiomen Township; 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.