Is Langhorne, 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, Langhorne has remained a Seller's Market.
Housing Prices in Langhorne, PA
How much do homes in Langhorne, PA cost?
Median Sold Price
$507,500
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Langhorne was $507,500 in March 2024, up 3.8% 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 | $232.2K | $250K | +7.6% |
2 Bedrooms | $447.5K | $441K | -1.5% |
3 Bedrooms | $431K | $415K | -3.7% |
4 Bedrooms | $606K | $650K | +7.3% |
5+ Bedrooms | $550K | $575K | +4.5% |
Summary: Langhorne housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
Feasterville Trevose | $425K | $445K | +4.7% |
Langhorne | $488.8K | $507.5K | +3.8% |
Middletown Township | $422.5K | $385.7K | -8.7% |
Northampton Township | $508K | $447.3K | -11.9% |
Housing Supply in Langhorne, PA
How many homes are available in Langhorne, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 65 | +8.3% |
Summary: The Langhorne real estate market had 65 homes for sale in March 2024, a 8.3% 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 | 6 | 6 | 0.0% |
3 Bedrooms | 25 | 25 | 0.0% |
4 Bedrooms | 26 | 29 | +11.5% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Langhorne 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 11 | -42.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Langhorne in March 2024, down by 42.1% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for Langhorne, PA
How long does it take to sell a home in Langhorne, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 30 Days | +77.4% |
Summary: Homes in Langhorne had an average of 30 days on market in Mar 2024, up by 77.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Langhorne; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.