Is Quakertown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Quakertown has remained a Seller's Market.
Key Takeaway
Quakertown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Quakertown, PA
How much do homes in Quakertown, PA cost?
Median Sold Price
$356,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Quakertown have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Quakertown was $356,000 in March 2024, down 2.4% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $320K | N/A |
| 2 Bedrooms | $241K | $260.5K | +8.1% |
| 3 Bedrooms | $309.9K | $322.5K | +4.0% |
| 4 Bedrooms | $409.4K | $444.5K | +8.5% |
| 5+ Bedrooms | $460K | $481.5K | +4.7% |
Summary: Quakertown 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 8.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Richland Township | $377.4K | $380K | +0.7% |
| Quakertown | $364.9K | $356K | -2.4% |
| Milford Township | $413.7K | $388K | -6.2% |
Housing Supply in Quakertown, PA
How many homes are available in Quakertown, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 95 | 94 | -1.1% |
Summary: The Quakertown real estate market had 94 homes for sale in March 2024, a 1.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 41 | 41 | 0.0% |
| 4 Bedrooms | 33 | 31 | -6.1% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Quakertown 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 decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Quakertown, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Quakertown in March 2024, the same as the previous month. Of the 19 sold homes, 26% were sold under asking, 26% were sold at asking, and 47% were sold over asking.
Days on Market for Quakertown, PA
How long does it take to sell a home in Quakertown, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 22 Days | -42.6% |
Summary: Homes in Quakertown had an average of 22 days on market in Mar 2024, down by 42.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Quakertown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Quakertown; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
