Is Lower Makefield Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lower Makefield Township is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Lower Makefield Township has remained a Seller's Market.

Key Takeaway

Lower Makefield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lower Makefield Township, PA

How much do homes in Lower Makefield Township, PA cost?

Median Sold Price

$625,000

$261/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$30,000(+5.0%)

Key Takeaway

Homes in Lower Makefield Township have sold for 5% more than they did a year ago.

Summary: The median home sold price in Lower Makefield Township was $625,000 in June 2024, up 5% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$215K
N/A
2 $367K$405K
+10.4%
3 $495K$531K
+7.3%
4 $677.5K$800K
+18.1%
5+ $751.5K$785K
+4.5%

Summary: Lower Makefield Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 4.5%.

Median Sold Price Compared To Nearby Cities

Yardley
+12.8%
Washington Crossing
+12.0%
Ewing Township
+11.5%
Morrisville
+7.5%
Lower Makefield Township
+5.0%

Housing Supply in Lower Makefield Township, PA

How many homes are available in Lower Makefield Township, PA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
10796-10.3%

Summary: The Lower Makefield Township real estate market had 96 homes for sale in June 2024, a 10.3% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 169
-43.8%
3 3329
-12.1%
4 4445
+2.3%
5+ 1413
-7.1%

Summary: The Lower Makefield Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 43.8%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
3830-21.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lower Makefield Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in Lower Makefield Township in June 2024, down by 21.1% month-over-month. Of the 30 sold homes, 23% were sold under asking, 17% were sold at asking, and 60% were sold over asking.

Days on Market for Lower Makefield Township, PA

How long does it take to sell a home in Lower Makefield Township, PA?

Average Sale Time

Jun 2023Jun 2024CHANGE
7 Days9 Days+19.2%

Summary: Homes in Lower Makefield Township had an average of 9 days on market in Jun 2024, up by 19.2% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lower Makefield Township are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 30 homes were sold in Lower Makefield Township; 93% of homes were sold within 30 days, 7% 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 15 Days Ago

Newest Listings in Lower Makefield Township, PA

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What housing markets are near Lower Makefield Township, PA?