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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richland Township is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Richland Township, PA cost?

Median Sold Price

$331,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$54,000(+19.5%)

Key Takeaway

Homes in Richland Township have sold for 19.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$278K
N/A
2 $205K$230K
+12.2%
3 $235K$315K
+34.0%
4 $436.7K$475K
+8.8%
5+ $345.9K$407.4K
+17.8%

Median Sold Price Compared To Nearby Cities

Richland Township
+19.5%
East Rockhill Township
+13.4%
Quakertown
+4.2%
Milford Township
+2.2%

How many homes are available in Richland Township, PA?

Number of Homes For Sale

Oct 2022Nov 2022%
3832-15.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 12
+100.0%
2 44
0.0%
3 2515
-40.0%
4 811
+37.5%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1211-8.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richland Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
31 Days9 Days-70.9%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Richland Township 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 Richland Township, PA

There are 32 homes are for sale in Richland Township, PA real estate market. The inventory of homes for sale in Richland Township, PA between October 2022 and November 2022 decreased by 15.8%. In November 2022, listings were on the market for 9 days. During the same period, the median list price in this real estate market was $331,000. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 12.2%, prices of 3 bedrooms properties increased by 34%, 4 bedrooms properties became 8.8% more expensive, 5 bedrooms properties prices increased by 17.8%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 100% more available, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 40%, 4 bedrooms homes became 37.5% more available, number of 5 bedrooms homes remained the same. Over 2 listings were sold over their listed price in November 2022 in Richland Township, PA. In the same period over 5 listings were sold below the listed price and 4 listings were sold for the listed price.

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