Is Perkasie, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Perkasie is a seller's market

Buyer's
Market

Difference Since January 2022

Since last year, Perkasie has remained a Seller's Market.

Key Takeaway

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

How much do homes in Perkasie, PA cost?

Median Sold Price

$388,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$48,000(+14.1%)

Key Takeaway

Homes in Perkasie have sold for 14.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $150K-
N/A
2 $194.9K$217.5K
+11.6%
3 $335K$380K
+13.4%
4 $393K$464.5K
+18.2%
5+ $417.5K$325K
-22.2%

Median Sold Price Compared To Nearby Cities

Hilltown Township
+38.7%
Perkasie
+14.1%
East Rockhill Township
+11.0%
Sellersville
+8.0%

How many homes are available in Perkasie, PA?

Number of Homes For Sale

Dec 2022Jan 2023%
19190.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 11
0.0%
3 1010
0.0%
4 78
+14.3%
5+ 10
-100.0%

Number of Homes Sold

Dec 2022Jan 2023%
75-28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Perkasie, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Average Sale Time

Jan 2022Jan 2023%
20 Days32 Days+59.7%

Breakdown of Home Sale Times

3 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 Perkasie are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Perkasie, PA

Perkasie, PA has 19 homes on the market. Listings spent 32 days on the market in January 2023, and had a median list price of $388,000 during the same period. From December 2022 through January 2023, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 11.6%, prices of 3 bedrooms properties increased by 13.4%, prices of 4 bedrooms properties went up by 18.2%, 5 bedrooms properties became 22.2% more cheaper. This housing market inventory have changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes became 14.3% more available, number of 5 bedrooms homes decreased by 100%. In January 2023, from all listings sold in Perkasie, PA there were more than 0 sold above asking price, over 2 sold below and more than 3 were sold right at the asked price.

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