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 September 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

$450,000

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$62,500(+16.1%)

Key Takeaway

Homes in Perkiomen Township have sold for 16.1% more than they did a year ago.

Summary: The median home sold price in Perkiomen Township was $450,000 in September 2024, up 16.1% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $313.2K$302.5K
-3.4%
3 $355K$386.5K
+8.9%
4 $570K$580K
+1.8%
5+ -$602.5K
N/A

Summary: Perkiomen Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Schwenksville
+21.1%
Perkiomen Township
+16.1%
Skippack Township
+9.8%
Lower Frederick Township
+4.6%
Trappe
-1.9%

Housing Supply in Perkiomen Township, PA

How many homes are available in Perkiomen Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
26260.0%

Summary: The Perkiomen Township real estate market had 26 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1115
+36.4%
4 97
-22.2%
5+ 54
-20.0%

Summary: The Perkiomen Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Perkiomen Township, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Perkiomen Township in September 2024, down by 22.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% 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

Sep 2023Sep 2024CHANGE
13 Days12 Days-1.1%

Summary: Homes in Perkiomen Township had an average of 12 days on market in Sep 2024, down by 1.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Perkiomen Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Perkiomen Township; 86% of homes were sold within 30 days, 14% 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 30 Days Ago

Newest Listings in Perkiomen Township, PA

Nearby Markets to Perkiomen Township, PA

What housing markets are near Perkiomen Township, PA?