Is Doylestown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Doylestown has remained a Seller's Market.
Key Takeaway
Doylestown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Doylestown, PA
How much do homes in Doylestown, PA cost?
Median Sold Price
$640,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Doylestown have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Doylestown was $640,000 in March 2024, up 3.9% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $295.1K | N/A |
| 2 Bedrooms | $320K | $356.7K | +11.5% |
| 3 Bedrooms | $475K | $510K | +7.4% |
| 4 Bedrooms | $772.5K | $770K | -0.3% |
| 5+ Bedrooms | $805K | $1.0M | +27.3% |
Summary: Doylestown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 27.3%.
Median Sold Price Compared To Nearby Cities
| Doylestown Township | $620K | $645K | +4.0% |
| Doylestown | $616.2K | $640K | +3.9% |
| Buckingham Township | $751.5K | $700K | -6.9% |
Housing Supply in Doylestown, PA
How many homes are available in Doylestown, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 188 | 201 | +6.9% |
Summary: The Doylestown real estate market had 201 homes for sale in March 2024, a 6.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 17 | 20 | +17.6% |
| 3 Bedrooms | 79 | 90 | +13.9% |
| 4 Bedrooms | 66 | 62 | -6.1% |
| 5+ Bedrooms | 25 | 29 | +16.0% |
Summary: The Doylestown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 16%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 38 | +81.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Doylestown, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in Doylestown in March 2024, up by 81.0% month-over-month. Of the 38 sold homes, 21% were sold under asking, 32% were sold at asking, and 47% were sold over asking.
Days on Market for Doylestown, PA
How long does it take to sell a home in Doylestown, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 21 Days | -45.6% |
Summary: Homes in Doylestown had an average of 21 days on market in Mar 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Doylestown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 38 homes were sold in Doylestown; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
