Is Furlong, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Furlong was a Seller's Market.
Key Takeaway
Furlong is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Furlong, PA
How much do homes in Furlong, PA cost?
Median Sold Price
$689,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Furlong have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Furlong was $689,000 in June 2024, up 13.9% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $521K | $545K | +4.6% |
| 4 Bedrooms | $882.5K | $850.5K | -3.6% |
| 5+ Bedrooms | $975K | $925K | -5.1% |
Summary: Furlong housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Furlong | $605K | $689K | +13.9% |
| Jamison | $625K | $655K | +4.8% |
| Buckingham Township | $729K | $748K | +2.6% |
| Warwick Township | $570K | $535K | -6.1% |
Housing Supply in Furlong, PA
How many homes are available in Furlong, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 22 | 32 | +45.5% |
Summary: The Furlong real estate market had 32 homes for sale in June 2024, a 45.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 11 | +120.0% |
| 4 Bedrooms | 10 | 16 | +60.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Furlong housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 120%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Furlong, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Furlong in June 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Furlong, PA
How long does it take to sell a home in Furlong, PA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 27 Days | 13 Days | -51.5% |
Summary: Homes in Furlong had an average of 13 days on market in Jun 2024, down by 51.5% compared to last year.
Breakdown of Home Sale Times
4 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 Furlong are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 4 homes were sold in Furlong; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
