Is Perkiomen Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Perkiomen Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Perkiomen Township, PA

How much do homes in Perkiomen Township, PA cost?

Median Sold Price

$426,350

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$33,150(+8.4%)

Key Takeaway

Homes in Perkiomen Township have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Perkiomen Township was $426,350 in February 2024, up 8.4% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $372.5K$292.6K
-21.4%
3 $370K$370K
0.0%
4 $566K$556.5K
-1.7%
5+ -$859.9K
N/A

Summary: Perkiomen Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Schwenksville
+41.5%
Lower Frederick Township
+14.8%
Trappe
+11.5%
Perkiomen Township
+8.4%
Skippack Township
-2.8%

Housing Supply in Perkiomen Township, PA

How many homes are available in Perkiomen Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
23230.0%

Summary: The Perkiomen Township real estate market had 23 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 68
+33.3%
4 128
-33.3%
5+ 57
+40.0%

Summary: The Perkiomen Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Perkiomen Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Perkiomen Township in February 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Perkiomen Township, PA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
44 Days30 Days-30.3%

Summary: Homes in Perkiomen Township had an average of 30 days on market in Feb 2024, down by 30.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Perkiomen Township has remained consistent over time.

Summary: During February 2024, 6 homes were sold in Perkiomen Township; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in Perkiomen Township, PA

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What housing markets are near Perkiomen Township, PA?