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 March 2023

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.

Housing Prices in Perkasie, PA

How much do homes in Perkasie, PA cost?

Median Sold Price

$431,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$18,500(+4.5%)

Key Takeaway

Homes in Perkasie have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Perkasie was $431,000 in March 2024, up 4.5% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $217.5K$292.5K
+34.5%
3 $387.5K$407.5K
+5.2%
4 $545K$579.9K
+6.4%
5+ $325K$469.9K
+44.6%

Summary: Perkasie housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 44.6%.

Median Sold Price Compared To Nearby Cities

Sellersville
+40.4%
East Rockhill Township
+29.4%
Perkasie
+4.5%
Hilltown Township
-10.2%

Housing Supply in Perkasie, PA

How many homes are available in Perkasie, PA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6360-4.8%

Summary: The Perkasie real estate market had 60 homes for sale in March 2024, a 4.8% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 44
0.0%
3 3024
-20.0%
4 2125
+19.0%
5+ 87
-12.5%

Summary: The Perkasie 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 decreased by 20%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1017+70.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Perkasie, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Perkasie in March 2024, up by 70.0% month-over-month. Of the 17 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Perkasie, PA

How long does it take to sell a home in Perkasie, PA?

Average Sale Time

Mar 2023Mar 2024CHANGE
13 Days31 Days+144.8%

Summary: Homes in Perkasie had an average of 31 days on market in Mar 2024, up by 144.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During March 2024, 17 homes were sold in Perkasie; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% 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 18 Days Ago

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