Is Perkiomen Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Perkiomen Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $372.5K | $292.6K | -21.4% |
3 Bedrooms | $370K | $370K | 0.0% |
4 Bedrooms | $566K | $556.5K | -1.7% |
5+ Bedrooms | - | $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 | $307.5K | $435K | +41.5% |
Lower Frederick Township | $305K | $350K | +14.8% |
Trappe | $375K | $418K | +11.5% |
Perkiomen Township | $393.2K | $426.3K | +8.4% |
Skippack Township | $463K | $450K | -2.8% |
Housing Supply in Perkiomen Township, PA
How many homes are available in Perkiomen Township, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 12 | 8 | -33.3% |
5+ Bedrooms | 5 | 7 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 6 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
44 Days | 30 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
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.