Is Hatfield Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hatfield Township was a Seller's Market.
Key Takeaway
Hatfield Township 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 Hatfield Township, PA
How much do homes in Hatfield Township, PA cost?
Median Sold Price
$457,500
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hatfield Township have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Hatfield Township was $457,500 in March 2024, down 0.5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $405K | $441.5K | +9.0% |
| 3 Bedrooms | $402K | $405K | +0.7% |
| 4 Bedrooms | $570K | $528.7K | -7.2% |
| 5+ Bedrooms | $886.7K | $590K | -33.5% |
Summary: Hatfield Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 33.5%.
Median Sold Price Compared To Nearby Cities
| Lansdale | $408K | $409K | 0.3% |
| Hatfield Township | $460K | $457.5K | -0.5% |
| Hatfield | $478.5K | $460K | -3.9% |
Housing Supply in Hatfield Township, PA
How many homes are available in Hatfield Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 69 | 73 | +5.8% |
Summary: The Hatfield Township real estate market had 73 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 12 | -25.0% |
| 3 Bedrooms | 26 | 29 | +11.5% |
| 4 Bedrooms | 25 | 29 | +16.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Hatfield Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hatfield Township, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Hatfield Township in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 11 Days | -80.7% |
Summary: Homes in Hatfield Township had an average of 11 days on market in Mar 2024, down by 80.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hatfield Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Hatfield Township; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
