Is Hatboro, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hatboro is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Hatboro was a Buyer's Market.

Key Takeaway

Hatboro is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Hatboro, PA

How much do homes in Hatboro, PA cost?

Median Sold Price

$416,500

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$55,100(+15.2%)

Key Takeaway

Homes in Hatboro have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in Hatboro was $416,500 in February 2024, up 15.2% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $160K$176K
+10.0%
2 $189K$226.5K
+19.8%
3 $367.5K$391.9K
+6.7%
4 $419.9K$467.5K
+11.3%
5+ $405K$565K
+39.5%

Summary: Hatboro housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 39.5%.

Median Sold Price Compared To Nearby Cities

Hatboro
+15.2%
Horsham
+12.8%
Warminster Township
+2.7%
Warminster
+2.7%
Upper Moreland Township
-1.1%

Housing Supply in Hatboro, PA

How many homes are available in Hatboro, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4439-11.4%

Summary: The Hatboro real estate market had 39 homes for sale in February 2024, a 11.4% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2420
-16.7%
4 1414
0.0%
5+ 32
-33.3%

Summary: The Hatboro housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
126-50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hatboro, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Hatboro in February 2024, down by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Hatboro, PA

How long does it take to sell a home in Hatboro, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
17 Days45 Days+159.6%

Summary: Homes in Hatboro had an average of 45 days on market in Feb 2024, up by 159.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hatboro are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 6 homes were sold in Hatboro; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Hatboro, PA

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