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.
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
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
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
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.