Is Perkasie, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$435,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Perkasie have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Perkasie was $435,000 in June 2024, down 0.9% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $317.5K | +27.0% |
| 3 Bedrooms | $394.9K | $412.9K | +4.6% |
| 4 Bedrooms | $564K | $587K | +4.1% |
| 5+ Bedrooms | $469.9K | $690K | +46.8% |
Summary: Perkasie 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 27%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 46.8%.
Median Sold Price Compared To Nearby Cities
| East Rockhill Township | $440K | $565K | +28.4% |
| Sellersville | $406.5K | $414.7K | +2.0% |
| Perkasie | $439K | $435K | -0.9% |
| Hilltown Township | $520K | $488.4K | -6.1% |
Housing Supply in Perkasie, PA
How many homes are available in Perkasie, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 59 | 62 | +5.1% |
Summary: The Perkasie real estate market had 62 homes for sale in June 2024, a 5.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Perkasie 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 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Perkasie, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Perkasie in June 2024, down by 15.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 16 Days | 9 Days | -40.4% |
Summary: Homes in Perkasie had an average of 9 days on market in Jun 2024, down by 40.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Perkasie are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 17 homes were sold in Perkasie; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
