Is Hatboro, 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, Hatboro was a Buyer's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $176K | +10.0% |
2 Bedrooms | $189K | $226.5K | +19.8% |
3 Bedrooms | $367.5K | $391.9K | +6.7% |
4 Bedrooms | $419.9K | $467.5K | +11.3% |
5+ Bedrooms | $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 | $361.4K | $416.5K | +15.2% |
Horsham | $355K | $400.3K | +12.8% |
Warminster Township | $420K | $431.2K | +2.7% |
Warminster | $423.5K | $435K | +2.7% |
Upper Moreland Township | $396.2K | $391.9K | -1.1% |
Housing Supply in Hatboro, PA
How many homes are available in Hatboro, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
44 | 39 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 24 | 20 | -16.7% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 3 | 2 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 6 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
17 Days | 45 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
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.