Is Hilltown 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, Hilltown Township was a Seller's Market.
Key Takeaway
Hilltown 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 Hilltown Township, PA
How much do homes in Hilltown Township, PA cost?
Median Sold Price
$471,500
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hilltown Township have sold for 10.2% less than they did a year ago.
Summary: The median home sold price in Hilltown Township was $471,500 in March 2024, down 10.2% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $370K | $589.9K | +59.4% |
| 3 Bedrooms | $426.5K | $405K | -5.0% |
| 4 Bedrooms | $601K | $645K | +7.3% |
| 5+ Bedrooms | $642.5K | $525K | -18.3% |
Summary: Hilltown 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 59.4%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Cities
| Perkasie | $412.5K | $431K | +4.5% |
| Hilltown Township | $525K | $471.5K | -10.2% |
Housing Supply in Hilltown Township, PA
How many homes are available in Hilltown Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 45 | -4.3% |
Summary: The Hilltown Township real estate market had 45 homes for sale in March 2024, a 4.3% decrease 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Hilltown 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hilltown Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Hilltown Township in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Hilltown Township, PA
How long does it take to sell a home in Hilltown Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 44 Days | +12.1% |
Summary: Homes in Hilltown Township had an average of 44 days on market in Mar 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hilltown Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Hilltown Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
