Is Horsham, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Horsham has remained a Seller's Market.
Key Takeaway
Horsham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Horsham, PA
How much do homes in Horsham, PA cost?
Median Sold Price
$401,681
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Horsham have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Horsham was $401,681 in March 2024, up 13.1% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $222.5K | N/A |
| 2 Bedrooms | $266K | $299.5K | +12.6% |
| 3 Bedrooms | $375K | $403K | +7.5% |
| 4 Bedrooms | $536K | $582.5K | +8.7% |
| 5+ Bedrooms | $432.5K | $580K | +34.1% |
Summary: Horsham 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 12.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 34.1%.
Median Sold Price Compared To Nearby Cities
| Horsham Township | $421K | $500K | +18.8% |
| Horsham | $355K | $401.6K | +13.1% |
| Hatboro | $370K | $415K | +12.2% |
| Upper Dublin Township | $546.4K | $560.7K | +2.6% |
| Upper Moreland Township | $395K | $394K | -0.3% |
Housing Supply in Horsham, PA
How many homes are available in Horsham, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Horsham real estate market had 27 homes for sale in March 2024, a 3.8% 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 | 8 | 7 | -12.5% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Horsham 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 12.5%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Horsham, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Horsham in March 2024, up by 28.6% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Horsham, PA
How long does it take to sell a home in Horsham, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 5 Days | -85.6% |
Summary: Homes in Horsham had an average of 5 days on market in Mar 2024, down by 85.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Horsham are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Horsham; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
