Is Bucks County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Bucks County was a Neutral Market.
Housing Prices in Bucks County, PA
How much do homes in Bucks County, PA cost?
Median Sold Price
$456,004
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Bucks County was $456,004 in February 2024, up 3.2% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237.5K | $250K | +5.3% |
2 Bedrooms | $300.7K | $352.5K | +17.2% |
3 Bedrooms | $399.8K | $419.9K | +5.0% |
4 Bedrooms | $569.8K | $570.3K | 0.1% |
5+ Bedrooms | $710K | $724.7K | +2.1% |
Summary: Bucks County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Counties
Northampton County | $292.4K | $325K | +11.2% |
Mercer County | $379.1K | $400.3K | +5.6% |
Hunterdon County | $505.1K | $525K | +3.9% |
Bucks County | $442K | $456K | +3.2% |
Philadelphia County | $274.9K | $257.4K | -6.4% |
Housing Supply in Bucks County, PA
How many homes are available in Bucks County, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,719 | 1,751 | +1.9% |
Summary: The Bucks County real estate market had 1,751 homes for sale in February 2024, a 1.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 176 | 174 | -1.1% |
3 Bedrooms | 615 | 646 | +5.0% |
4 Bedrooms | 670 | 671 | 0.1% |
5+ Bedrooms | 247 | 247 | 0.0% |
Summary: The Bucks County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
310 | 249 | -19.7% |
Asking Price vs. Sold Price
91 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
95 Homes Were Sold
Over Asking
Summary: A total of 249 homes were sold or pending in Bucks County in February 2024, down by 19.7% month-over-month. Of the 249 sold homes, 37% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Bucks County, PA
How long does it take to sell a home in Bucks County, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
34 Days | 33 Days | -4.6% |
Summary: Homes in Bucks County had an average of 33 days on market in Feb 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
168 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During February 2024, 249 homes were sold in Bucks County; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.