Is Solebury 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, Solebury Township was a Buyer's Market.
Key Takeaway
Solebury Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Solebury Township, PA
How much do homes in Solebury Township, PA cost?
Median Sold Price
$802,500
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Solebury Township have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Solebury Township was $802,500 in March 2024, up 5.9% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $278K | $310.2K | +11.6% |
| 2 Bedrooms | $555K | $535K | -3.6% |
| 3 Bedrooms | $619.9K | $625K | +0.8% |
| 4 Bedrooms | $809K | $949.5K | +17.4% |
| 5+ Bedrooms | $2.0M | $1.6M | -23.2% |
Summary: Solebury Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 23.2%.
Median Sold Price Compared To Nearby Cities
| Lambertville | $515K | $573.7K | +11.4% |
| Stockton | $527.5K | $559K | +6.0% |
| Solebury Township | $757.4K | $802.5K | +5.9% |
| New Hope | $816K | $840K | +2.9% |
Housing Supply in Solebury Township, PA
How many homes are available in Solebury Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 | 83 | +10.7% |
Summary: The Solebury Township real estate market had 83 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 30 | 33 | +10.0% |
| 5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The Solebury 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 increased by 25%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Solebury Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Solebury Township in March 2024, up by 140.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.
Days on Market for Solebury Township, PA
How long does it take to sell a home in Solebury Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 22 Days | -50.9% |
Summary: Homes in Solebury Township had an average of 22 days on market in Mar 2024, down by 50.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Solebury Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Solebury Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
