Is Buckingham Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Buckingham Township was a Seller's Market.
Key Takeaway
Buckingham Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Buckingham Township, PA
How much do homes in Buckingham Township, PA cost?
Median Sold Price
$700,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Buckingham Township have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in Buckingham Township was $700,000 in March 2024, down 6.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $322.5K | $338.2K | +4.9% |
| 3 Bedrooms | $518K | $559.9K | +8.1% |
| 4 Bedrooms | $826.5K | $843K | +2.0% |
| 5+ Bedrooms | $1.1M | $1.0M | -7.8% |
Summary: Buckingham Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 7.8%.
Housing Supply in Buckingham Township, PA
How many homes are available in Buckingham Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 82 | 82 | 0.0% |
Summary: The Buckingham Township real estate market had 82 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 42 | 39 | -7.1% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Buckingham Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buckingham Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Buckingham Township in March 2024, up by 28.6% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Buckingham Township, PA
How long does it take to sell a home in Buckingham Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 18 Days | -30.0% |
Summary: Homes in Buckingham Township had an average of 18 days on market in Mar 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buckingham Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Buckingham Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
