Is Upper Southampton 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, Upper Southampton Township was a Seller's Market.
Key Takeaway
Upper Southampton Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper Southampton Township, PA
How much do homes in Upper Southampton Township, PA cost?
Median Sold Price
$440,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Upper Southampton Township have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Upper Southampton Township was $440,000 in May 2024, up 4.1% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $229.9K | N/A |
| 2 Bedrooms | $280K | $325K | +16.1% |
| 3 Bedrooms | $400K | $415.5K | +3.9% |
| 4 Bedrooms | $475K | $539.7K | +13.6% |
| 5+ Bedrooms | $570K | $689.7K | +21.0% |
Summary: Upper Southampton 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 increased by 16.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Cities
| Southampton | $445K | $501.3K | +12.7% |
| Warminster Township | $420K | $449.8K | +7.1% |
| Feasterville Trevose | $425K | $450K | +5.9% |
| Upper Southampton Township | $422.5K | $440K | +4.1% |
| Lower Southampton Township | $425K | $440K | +3.5% |
Housing Supply in Upper Southampton Township, PA
How many homes are available in Upper Southampton Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 31 | +3.3% |
Summary: The Upper Southampton Township real estate market had 31 homes for sale in May 2024, a 3.3% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Upper Southampton 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 increased by 16.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Southampton Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Upper Southampton Township in May 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Upper Southampton Township, PA
How long does it take to sell a home in Upper Southampton Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 9 Days | -65.4% |
Summary: Homes in Upper Southampton Township had an average of 9 days on market in May 2024, down by 65.4% 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
Key Takeaway
Many homes in Upper Southampton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Upper Southampton 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.
