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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hatfield is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Hatfield was a Neutral Market.

Key Takeaway

Hatfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hatfield, PA

How much do homes in Hatfield, PA cost?

Median Sold Price

$458,750

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$36,250(-7.3%)

Key Takeaway

Homes in Hatfield have sold for 7.3% less than they did a year ago.

Summary: The median home sold price in Hatfield was $458,750 in February 2024, down 7.3% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $135K$470K
+248.1%
3 $410K$415K
+1.2%
4 $607.8K$537K
-11.6%
5+ -$591.6K
N/A

Summary: Hatfield 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 248.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hatfield Township
-2.2%
Hatfield
-7.3%

Housing Supply in Hatfield, PA

How many homes are available in Hatfield, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5664+14.3%

Summary: The Hatfield real estate market had 64 homes for sale in February 2024, a 14.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1214
+16.7%
3 1522
+46.7%
4 2726
-3.7%
5+ 22
0.0%

Summary: The Hatfield 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 increased by 16.7%, 3 bedroom homes increased by 46.7%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hatfield, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Hatfield in February 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Hatfield, PA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
34 Days41 Days+18.9%

Summary: Homes in Hatfield had an average of 41 days on market in Feb 2024, up by 18.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 8 homes were sold in Hatfield; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 28 Days Ago

Newest Listings in Hatfield, PA

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