Is Northampton Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Northampton Township was a Seller's Market.
Key Takeaway
Northampton Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Northampton Township, PA
How much do homes in Northampton Township, PA cost?
Median Sold Price
$447,381
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northampton Township have sold for 11.9% less than they did a year ago.
Summary: The median home sold price in Northampton Township was $447,381 in March 2024, down 11.9% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222K | $240K | +8.1% |
| 2 Bedrooms | $314K | $329K | +4.8% |
| 3 Bedrooms | $425K | $365K | -14.1% |
| 4 Bedrooms | $625K | $625K | 0.0% |
| 5+ Bedrooms | $825K | $850K | +3.0% |
Summary: Northampton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
| Newtown Township | $574.7K | $667K | +16.1% |
| Southampton | $450K | $480K | +6.7% |
| Warminster | $425K | $435K | +2.4% |
| Northampton Township | $508K | $447.3K | -11.9% |
Housing Supply in Northampton Township, PA
How many homes are available in Northampton Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 139 | 157 | +12.9% |
Summary: The Northampton Township real estate market had 157 homes for sale in March 2024, a 12.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 50 | 62 | +24.0% |
| 4 Bedrooms | 43 | 52 | +20.9% |
| 5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The Northampton Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northampton Township, expect to pay close to the asking price. 36% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in Northampton Township in March 2024, the same as the previous month. Of the 25 sold homes, 32% were sold under asking, 36% were sold at asking, and 32% were sold over asking.
Days on Market for Northampton Township, PA
How long does it take to sell a home in Northampton Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 32 Days | +78.6% |
Summary: Homes in Northampton Township had an average of 32 days on market in Mar 2024, up by 78.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northampton Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in Northampton Township; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
