Is Chalfont, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, Chalfont has remained a Seller's Market.
Key Takeaway
Chalfont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Chalfont, PA cost?
Median Sold Price
$467,500
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$41,000(+9.6%)
Key Takeaway
Homes in Chalfont have sold for 9.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $112K | - | N/A |
| 2 Bedrooms | $242.5K | $275K | +13.4% |
| 3 Bedrooms | $376.9K | $450K | +19.4% |
| 4 Bedrooms | $511K | $520K | +1.8% |
| 5+ Bedrooms | $467.5K | - | N/A |
Median Sold Price Compared To Nearby Cities
| New Britain | $324K | $385K | +18.8% |
| New Britain Township | $425K | $470K | +10.6% |
| Chalfont | $426.5K | $467.5K | +9.6% |
How many homes are available in Chalfont, PA?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 15 | 11 | -26.7% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chalfont, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 22 Days | 7 Days | -69.0% |
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chalfont are selling fast, if you're buying plan to act quickly.
