Is Telford, 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, Telford was a Buyer's Market.
Housing Prices in Telford, PA
How much do homes in Telford, PA cost?
Median Sold Price
$390,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Telford was $390,000 in March 2024, up 15.6% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163K | $169K | +3.7% |
2 Bedrooms | $245.2K | $277.5K | +13.1% |
3 Bedrooms | $351.2K | $380K | +8.2% |
4 Bedrooms | $406K | $486K | +19.7% |
5+ Bedrooms | $291K | $677K | +132.7% |
Summary: Telford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 132.7%.
Median Sold Price Compared To Nearby Cities
Telford | $337.5K | $390K | +15.6% |
Franconia Township | $430K | $489K | +13.7% |
Souderton | $370K | $409.9K | +10.8% |
West Rockhill Township | $414.5K | $440K | +6.2% |
Telford | $381.5K | $388.4K | +1.8% |
Housing Supply in Telford, PA
How many homes are available in Telford, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 28 | +21.7% |
Summary: The Telford real estate market had 28 homes for sale in March 2024, a 21.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 13 | 17 | +30.8% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Telford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Telford in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Telford, PA
How long does it take to sell a home in Telford, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 25 Days | -40.5% |
Summary: Homes in Telford had an average of 25 days on market in Mar 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Telford; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.