Is Southampton, 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, Southampton was a Seller's Market.
Key Takeaway
Southampton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southampton, PA
How much do homes in Southampton, PA cost?
Median Sold Price
$480,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Southampton have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Southampton was $480,000 in March 2024, up 6.7% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219K | $240K | +9.6% |
| 2 Bedrooms | $300K | $340K | +13.3% |
| 3 Bedrooms | $438K | $430K | -1.8% |
| 4 Bedrooms | $532.5K | $617.7K | +16.0% |
| 5+ Bedrooms | $590K | $700K | +18.6% |
Summary: Southampton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
| Upper Southampton Township | $411K | $440K | +7.1% |
| Southampton | $450K | $480K | +6.7% |
| Lower Southampton Township | $417.5K | $440K | +5.4% |
| Feasterville Trevose | $425K | $445K | +4.7% |
| Northampton Township | $508K | $447.3K | -11.9% |
Housing Supply in Southampton, PA
How many homes are available in Southampton, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 77 | 93 | +20.8% |
Summary: The Southampton real estate market had 93 homes for sale in March 2024, a 20.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 20 | 28 | +40.0% |
| 4 Bedrooms | 31 | 37 | +19.4% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Southampton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southampton, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Southampton in March 2024, the same as the previous month. Of the 12 sold homes, 8% were sold under asking, 50% were sold at asking, and 42% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 9 Days | -42.9% |
Summary: Homes in Southampton had an average of 9 days on market in Mar 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 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 March 2024, 12 homes were sold in Southampton; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
