Is Bucks County, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bucks County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Bucks County has remained a Seller's Market.

Key Takeaway

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

How much do homes in Bucks County, PA cost?

Median Sold Price

$430,613

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$42,146(+10.8%)

Key Takeaway

Homes in Bucks County have sold for 10.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $183.5K$211K
+15.0%
2 $275.8K$298.9K
+8.4%
3 $350K$390K
+11.4%
4 $501K$549.1K
+9.6%
5+ $617.4K$697K
+12.9%

Median Sold Price Compared To Nearby Counties

Bucks County
+10.8%
Montgomery County
+8.0%
Mercer County
+4.0%
Hunterdon County
+2.5%
Philadelphia County
+1.0%

How many homes are available in Bucks County, PA?

Number of Homes For Sale

Sep 2022Oct 2022%
2,0711,804-12.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 1310
-23.1%
2 202156
-22.8%
3 837721
-13.9%
4 816709
-13.1%
5+ 203208
+2.5%

Number of Homes Sold

Sep 2022Oct 2022%
601483-19.6%

Asking Price vs. Sold Price

165 Homes Were Sold
Under Asking

108 Homes Were Sold
At Asking

210 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bucks County, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
18 Days18 Days-1.0%

Breakdown of Home Sale Times

394 Homes Were Sold
Under 30 Days

79 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Bucks County, PA

Homes for sale in Bucks County, PA have reached 1,804. The number of listings in Bucks County, PA decreased by 12.9% between September 2022 and October 2022. Listings spent 18 days on the market in October 2022, and had a median list price of $430,613 during the same period. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties went up by 15%, the cost of 2 bedrooms properties went up by 8.4%, prices of 3 bedrooms properties increased by 11.4%, 4 bedrooms properties became 9.6% more expensive, prices of 5 bedrooms properties went up by 12.9%. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 23.1%, 2 bedrooms homes inventory decreased by 22.8%, 3 bedrooms homes became 13.9% less available, the quantity of 4 bedrooms homes went down by 13.1%, 5 bedrooms homes became 2.5% more available. While more than 210 listings in Bucks County, PA in October 2022 were sold above asking price, there were more than 108 listings sold at asking price, and more than 165 were sold below.

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