Is Southampton, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Southampton has remained a Seller's Market.
Key Takeaway
Southampton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southampton, PA
How much do homes in Southampton, PA cost?
Median Sold Price
$510,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Southampton have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Southampton was $510,000 in June 2024, up 12.3% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $228.4K | $248K | +8.6% |
| 2 Bedrooms | $302.5K | $331K | +9.4% |
| 3 Bedrooms | $425K | $449.9K | +5.9% |
| 4 Bedrooms | $560.9K | $628K | +12.0% |
| 5+ Bedrooms | $600.5K | $752.3K | +25.3% |
Summary: Southampton housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 25.3%.
Median Sold Price Compared To Nearby Cities
| Northampton Township | $403.9K | $480K | +18.8% |
| Southampton | $454K | $510K | +12.3% |
| Lower Southampton Township | $440K | $450K | +2.3% |
| Upper Southampton Township | $435K | $428.5K | -1.5% |
Housing Supply in Southampton, PA
How many homes are available in Southampton, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 93 | 84 | -9.7% |
Summary: The Southampton real estate market had 84 homes for sale in June 2024, a 9.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 40 | 40 | 0.0% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Southampton housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 36 | 25 | -30.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southampton, you could pay more than the asking price. 64% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Southampton in June 2024, down by 30.6% month-over-month. Of the 25 sold homes, 28% were sold under asking, 8% were sold at asking, and 64% were sold over asking.
Days on Market for Southampton, PA
How long does it take to sell a home in Southampton, PA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 17 Days | 12 Days | -27.0% |
Summary: Homes in Southampton had an average of 12 days on market in Jun 2024, down by 27% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southampton are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 25 homes were sold in Southampton; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
