Is Bedminster Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Bedminster Township have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Bedminster Township was $585,000 in June 2024, up 6.4% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $282.5K | +13.0% |
| 3 Bedrooms | $390K | $454.5K | +16.5% |
| 4 Bedrooms | $647.4K | $676.5K | +4.5% |
| 5+ Bedrooms | $901K | $810K | -10.1% |
Summary: Bedminster Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Bedminster Township | $550K | $585K | +6.4% |
| Pipersville | $695K | $562K | -19.1% |
Housing Supply in Bedminster Township, PA
How many homes are available in Bedminster Township, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Bedminster Township real estate market had 18 homes for sale in June 2024, a 20.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 8 | +100.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Bedminster Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bedminster Township, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Bedminster Township in June 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 8 Days | 5 Days | -38.8% |
Summary: Homes in Bedminster Township had an average of 5 days on market in Jun 2024, down by 38.8% compared to last year.
Breakdown of Home Sale Times
6 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 Bedminster Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 6 homes were sold in Bedminster 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.
