Is Quakertown, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Quakertown is a seller's market

Buyer's
Market

Difference Since January 2022

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.

How much do homes in Quakertown, PA cost?

Median Sold Price

$260,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$20,000(+8.3%)

Key Takeaway

Homes in Quakertown have sold for 8.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 --
N/A
2 $225K$230K
+2.2%
3 $240K$255K
+6.3%
4 $241.9K$297.5K
+23.0%
5+ $285K$254.4K
-10.7%

Median Sold Price Compared To Nearby Cities

Richland Township
+17.9%
Quakertown
+8.3%
Milford Township
+5.8%

How many homes are available in Quakertown, PA?

Number of Homes For Sale

Dec 2022Jan 2023%
2315-34.8%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 10
-100.0%
3 1512
-20.0%
4 63
-50.0%
5+ 10
-100.0%

Number of Homes Sold

Dec 2022Jan 2023%
96-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Quakertown, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
6 Days26 Days+292.6%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Quakertown, PA

Quakertown, PA has 15 homes for sale to choose from. The number of listings in Quakertown, PA decreased by 34.8% between December 2022 and January 2023. While the average time on the market in January 2023 was 26 days, the median list price was $260,000. Between December 2022 and January 2023, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 2.2%, prices of 3 bedrooms properties increased by 6.3%, the cost of 4 bedrooms properties went up by 23%, the cost of 5 bedrooms properties went down by 10.7%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory decreased by 100%, the quantity of 3 bedrooms homes went down by 20%, number of 4 bedrooms homes decreased by 50%, 5 bedrooms homes inventory decreased by 100%. While more than 3 listings in Quakertown, PA in January 2023 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below.

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