Is Horsham Township, 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 Township has remained a Seller's Market.
Key Takeaway
Horsham Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Horsham Township, PA
How much do homes in Horsham Township, PA cost?
Median Sold Price
$500,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Horsham Township have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in Horsham Township was $500,000 in March 2024, up 18.8% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $222.5K | N/A |
| 2 Bedrooms | $266K | $306.5K | +15.2% |
| 3 Bedrooms | $400K | $409K | +2.3% |
| 4 Bedrooms | $558.9K | $710K | +27.0% |
| 5+ Bedrooms | $860K | $1.0M | +16.3% |
Summary: Horsham 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 15.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 27%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
| Horsham Township | $421K | $500K | +18.8% |
| Horsham | $355K | $401.6K | +13.1% |
| Warrington Township | $500K | $557.5K | +11.5% |
| Warminster Township | $425K | $434.1K | +2.1% |
| Dresher | $599K | $575K | -4.0% |
Housing Supply in Horsham Township, PA
How many homes are available in Horsham Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 81 | 87 | +7.4% |
Summary: The Horsham Township real estate market had 87 homes for sale in March 2024, a 7.4% 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 | 12 | 11 | -8.3% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 30 | 31 | +3.3% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Horsham 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 8.3%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 19 | +90.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Horsham Township, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Horsham Township in March 2024, up by 90.0% month-over-month. Of the 19 sold homes, 37% were sold under asking, 11% were sold at asking, and 53% were sold over asking.
Days on Market for Horsham Township, PA
How long does it take to sell a home in Horsham Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 19 Days | -46.9% |
Summary: Homes in Horsham Township had an average of 19 days on market in Mar 2024, down by 46.9% compared to last year.
Breakdown of Home Sale Times
18 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 Horsham Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Horsham Township; 95% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
