Is Bucks County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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.
Housing Prices in Bucks County, PA
How much do homes in Bucks County, PA cost?
Median Sold Price
$451,188
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Bucks County have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Bucks County was $451,188 in November 2023, up 3.4% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $223.5K | $250K | +11.9% |
| 2 Bedrooms | $298.2K | $345K | +15.7% |
| 3 Bedrooms | $395.5K | $415K | +4.9% |
| 4 Bedrooms | $552.6K | $562.3K | +1.8% |
| 5+ Bedrooms | $694.7K | $738K | +6.2% |
Summary: Bucks County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Counties
| Northampton County | $288.4K | $323.4K | +12.1% |
| Mercer County | $377.5K | $392.4K | +3.9% |
| Bucks County | $436.3K | $451.1K | +3.4% |
| Hunterdon County | $500.4K | $511.2K | +2.2% |
| Philadelphia County | $279.8K | $259.9K | -7.1% |
Housing Supply in Bucks County, PA
How many homes are available in Bucks County, PA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 2,061 | 1,901 | -7.8% |
Summary: The Bucks County real estate market had 1,901 homes for sale in November 2023, a 7.8% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 14 | -39.1% |
| 2 Bedrooms | 203 | 185 | -8.9% |
| 3 Bedrooms | 778 | 696 | -10.5% |
| 4 Bedrooms | 783 | 739 | -5.6% |
| 5+ Bedrooms | 274 | 267 | -2.6% |
Summary: The Bucks County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 39.1%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 2.6%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 477 | 391 | -18.0% |
Asking Price vs. Sold Price
130 Homes Were Sold
Under Asking
84 Homes Were Sold
At Asking
177 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bucks County, you could pay more than the asking price. 45.3% of homes here sold above asking price last month.
Summary: A total of 391 homes were sold or pending in Bucks County in November 2023, down by 18.0% month-over-month. Of the 391 sold homes, 33% were sold under asking, 21% were sold at asking, and 45% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 22 Days | 20 Days | -7.4% |
Summary: Homes in Bucks County had an average of 20 days on market in Nov 2023, down by 7.4% compared to last year.
Breakdown of Home Sale Times
319 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bucks County are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 391 homes were sold in Bucks County; 82% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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