Is Lower Makefield 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, 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
$619,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lower Makefield Township have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Lower Makefield Township was $619,000 in March 2024, up 3.1% 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 | $249K | $215K | -13.7% |
| 2 Bedrooms | $359.9K | $395K | +9.8% |
| 3 Bedrooms | $465K | $545K | +17.2% |
| 4 Bedrooms | $688K | $750K | +9.0% |
| 5+ Bedrooms | $815K | $785K | -3.7% |
Summary: Lower Makefield Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Morrisville | $310K | $360K | +16.1% |
| Yardley | $525K | $603.1K | +14.9% |
| Ewing Township | $300K | $335K | +11.7% |
| Lower Makefield Township | $600.5K | $619K | +3.1% |
| Washington Crossing | $769K | $724.8K | -5.7% |
Housing Supply in Lower Makefield Township, PA
How many homes are available in Lower Makefield Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 79 | 90 | +13.9% |
Summary: The Lower Makefield Township real estate market had 90 homes for sale in March 2024, a 13.9% 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 | 10 | 13 | +30.0% |
| 3 Bedrooms | 25 | 31 | +24.0% |
| 4 Bedrooms | 35 | 36 | +2.9% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Lower Makefield 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 increased by 30%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 28 | +300.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Makefield Township, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Lower Makefield Township in March 2024, up by 300.0% month-over-month. Of the 28 sold homes, 29% were sold under asking, 7% were sold at asking, and 64% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 12 Days | -50.2% |
Summary: Homes in Lower Makefield Township had an average of 12 days on market in Mar 2024, down by 50.2% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Makefield Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in Lower Makefield Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
