Is Skippack Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Skippack Township was a Buyer's Market.
Key Takeaway
Skippack Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Skippack Township, PA
How much do homes in Skippack Township, PA cost?
Median Sold Price
$469,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Skippack Township have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Skippack Township was $469,000 in March 2024, up 2.9% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $335K | +17.5% |
| 3 Bedrooms | $400.8K | $406K | +1.3% |
| 4 Bedrooms | $610K | $603K | -1.1% |
| 5+ Bedrooms | $1.0M | $760K | -26.9% |
Summary: Skippack Township 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 17.5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 26.9%.
Median Sold Price Compared To Nearby Cities
| Perkiomen Township | $383.2K | $440K | +14.8% |
| Skippack Township | $456K | $469K | +2.9% |
| Harleysville | $485K | $467.5K | -3.6% |
| Lower Salford Township | $557.5K | $515K | -7.6% |
| Towamencin Township | $490K | $386K | -21.2% |
Housing Supply in Skippack Township, PA
How many homes are available in Skippack Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 25 | -13.8% |
Summary: The Skippack Township real estate market had 25 homes for sale in March 2024, a 13.8% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Skippack Township 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 20%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Skippack Township, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Skippack Township in March 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Skippack Township, PA
How long does it take to sell a home in Skippack Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 12 Days | 19 Days | +60.0% |
Summary: Homes in Skippack Township had an average of 19 days on market in Mar 2024, up by 60% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Skippack Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Skippack Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
