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 neutral'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

-$2,500(-0.5%)

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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $405K$441.5K
+9.0%
3 $402K$405K
+0.7%
4 $570K$528.7K
-7.2%
5+ $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
0.3%
Hatfield Township
-0.5%
Hatfield
-3.9%

Housing Supply in Hatfield Township, PA

How many homes are available in Hatfield Township, PA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6973+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1612
-25.0%
3 2629
+11.5%
4 2529
+16.0%
5+ 23
+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 2024Mar 2024CHANGE
911+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

Asking vs Sold - buyer

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 2023Mar 2024CHANGE
59 Days11 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

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 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Hatfield Township, PA

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