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 buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Bucks County was a Neutral Market.

Key Takeaway

Bucks County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$13,978(+3.2%)

Key Takeaway

Homes in Bucks County have sold for 3.2% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $237.5K$250K
+5.3%
2 $300.7K$352.5K
+17.2%
3 $399.8K$419.9K
+5.0%
4 $569.8K$570.3K
0.1%
5+ $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
+11.2%
Mercer County
+5.6%
Hunterdon County
+3.9%
Bucks County
+3.2%
Philadelphia County
-6.4%

Housing Supply in Bucks County, PA

How many homes are available in Bucks County, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,7191,751+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

# BEDSJan 2024Feb 2024CHANGE
1 1113
+18.2%
2 176174
-1.1%
3 615646
+5.0%
4 670671
0.1%
5+ 247247
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 2024Feb 2024CHANGE
310249-19.7%

Asking Price vs. Sold Price

91 Homes Were Sold
Under Asking

63 Homes Were Sold
At Asking

95 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bucks County, you could pay more than the asking price. 38.2% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
34 Days33 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 28 Days Ago

Newest Listings in Bucks County, PA

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