Is Hatfield Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$460,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Hatfield Township have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Hatfield Township was $460,000 in June 2024, down 2.7% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $348K | $460K | +32.2% |
| 3 Bedrooms | $383.5K | $429.9K | +12.1% |
| 4 Bedrooms | $575K | $492.5K | -14.3% |
| 5+ Bedrooms | $886.7K | $597K | -32.7% |
Summary: Hatfield Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.2%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 32.7%.
Median Sold Price Compared To Nearby Cities
| Lansdale | $415K | $429.9K | +3.6% |
| Hatfield Township | $473K | $460K | -2.7% |
| Hatfield | $490K | $460K | -6.1% |
Housing Supply in Hatfield Township, PA
How many homes are available in Hatfield Township, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 65 | 54 | -16.9% |
Summary: The Hatfield Township real estate market had 54 homes for sale in June 2024, a 16.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 33 | 27 | -18.2% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Hatfield Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hatfield Township, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Hatfield Township in June 2024, down by 26.3% month-over-month. Of the 14 sold homes, 14% were sold under asking, 21% were sold at asking, and 64% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 6 Days | 14 Days | +127.0% |
Summary: Homes in Hatfield Township had an average of 14 days on market in Jun 2024, up by 127% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hatfield Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 14 homes were sold in Hatfield Township; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
