Is Souderton, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Souderton was a Seller's Market.
Key Takeaway
Souderton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Souderton, PA
How much do homes in Souderton, PA cost?
Median Sold Price
$412,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Souderton have sold for 25% more than they did a year ago.
Summary: The median home sold price in Souderton was $412,500 in April 2024, up 25% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $423K | $445K | +5.2% |
| 3 Bedrooms | $315.5K | $405K | +28.4% |
| 4 Bedrooms | $402.5K | $430K | +6.8% |
| 5+ Bedrooms | $451K | $555K | +23.1% |
Summary: Souderton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 28.4%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 23.1%.
Median Sold Price Compared To Nearby Cities
| Souderton | $330K | $412.5K | +25.0% |
| Telford | $337.5K | $392K | +16.2% |
| Franconia Township | $435K | $490K | +12.6% |
| Telford | $381.5K | $390K | +2.2% |
| Hilltown Township | $515K | $492K | -4.5% |
Housing Supply in Souderton, PA
How many homes are available in Souderton, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The Souderton real estate market had 27 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Souderton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Souderton, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Souderton in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Souderton, PA
How long does it take to sell a home in Souderton, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 5 Days | -53.3% |
Summary: Homes in Souderton had an average of 5 days on market in Apr 2024, down by 53.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Souderton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Souderton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
