Is Chalfont, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Chalfont was a Neutral Market.
Housing Prices in Chalfont, PA
How much do homes in Chalfont, PA cost?
Median Sold Price
$555,500
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Chalfont was $555,500 in February 2024, up 10.8% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $154.5K | N/A |
2 Bedrooms | $284.9K | $296K | +3.9% |
3 Bedrooms | $450K | $465.9K | +3.5% |
4 Bedrooms | $552.5K | $690K | +24.9% |
5+ Bedrooms | $1.0M | $968.7K | -11.3% |
Summary: Chalfont housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 24.9%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Cities
Chalfont | $501.5K | $555.5K | +10.8% |
New Britain Township | $472.5K | $515K | +9.0% |
Housing Supply in Chalfont, PA
How many homes are available in Chalfont, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
68 | 86 | +26.5% |
Summary: The Chalfont real estate market had 86 homes for sale in February 2024, a 26.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 36 | 42 | +16.7% |
4 Bedrooms | 27 | 37 | +37.0% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Chalfont housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 37%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Chalfont in February 2024, up by 42.9% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Chalfont, PA
How long does it take to sell a home in Chalfont, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
27 Days | 45 Days | +64.9% |
Summary: Homes in Chalfont had an average of 45 days on market in Feb 2024, up by 64.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in Chalfont; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.