Is Bedminster Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bedminster Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Bedminster Township has remained a Seller's Market.

Key Takeaway

Bedminster Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bedminster Township, PA

How much do homes in Bedminster Township, PA cost?

Median Sold Price

$585,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$32,500(+5.9%)

Key Takeaway

Homes in Bedminster Township have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Bedminster Township was $585,000 in February 2024, up 5.9% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $210.5K$260K
+23.5%
3 $405K$430K
+6.2%
4 $650K$619.9K
-4.6%
5+ $775K$817.5K
+5.5%

Summary: Bedminster Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Cities

Bedminster Township
+5.9%
Ottsville
-19.5%
Pipersville
-26.1%

Housing Supply in Bedminster Township, PA

How many homes are available in Bedminster Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
22220.0%

Summary: The Bedminster Township real estate market had 22 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 56
+20.0%
4 1414
0.0%
5+ 22
0.0%

Summary: The Bedminster Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bedminster Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Bedminster Township in February 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Bedminster Township, PA

How long does it take to sell a home in Bedminster Township, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
24 Days14 Days-40.0%

Summary: Homes in Bedminster Township had an average of 14 days on market in Feb 2024, down by 40% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bedminster Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 4 homes were sold in Bedminster Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Bedminster Township, PA

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