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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hatfield Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Hatfield Township has remained a Seller's Market.

Key Takeaway

Hatfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hatfield Township, PA

How much do homes in Hatfield Township, PA cost?

Median Sold Price

$475,000

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$5,000(+1.1%)

Key Takeaway

Homes in Hatfield Township have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Hatfield Township was $475,000 in September 2024, up 1.1% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $427.5K$460K
+7.6%
3 $383.5K$435K
+13.4%
4 $565K$525K
-7.1%
5+ $591.6K$830K
+40.3%

Summary: Hatfield Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 13.4%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 40.3%.

Median Sold Price Compared To Nearby Cities

Lansdale
+4.8%
Hatfield Township
+1.1%
Hatfield
0.0%

Housing Supply in Hatfield Township, PA

How many homes are available in Hatfield Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5964+8.5%

Summary: The Hatfield Township real estate market had 64 homes for sale in September 2024, a 8.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 712
+71.4%
3 2323
0.0%
4 2223
+4.5%
5+ 76
-14.3%

Summary: The Hatfield Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 71.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1718+5.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hatfield Township, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Hatfield Township in September 2024, up by 5.9% month-over-month. Of the 18 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% were sold over asking.

Days on Market for Hatfield Township, PA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
7 Days24 Days+203.9%

Summary: Homes in Hatfield Township had an average of 24 days on market in Sep 2024, up by 203.9% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 18 homes were sold in Hatfield Township; 89% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% 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 30 Days Ago

Newest Listings in Hatfield Township, PA

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What housing markets are near Hatfield Township, PA?