Is Upper Makefield Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Upper Makefield Township is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Upper Makefield Township was a Seller's Market.

Key Takeaway

Upper Makefield Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Upper Makefield Township, PA

How much do homes in Upper Makefield Township, PA cost?

Median Sold Price

$955,000

$281/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$39,949(-4.0%)

Key Takeaway

Homes in Upper Makefield Township have sold for 4% less than they did a year ago.

Summary: The median home sold price in Upper Makefield Township was $955,000 in March 2024, down 4% from last year, and the median price per square foot was $281.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $515.5K$575K
+11.5%
3 $747.4K$724.8K
-3.0%
4 $1.0M$997K
-3.9%
5+ $1.5M$1.8M
+21.7%

Summary: Upper Makefield Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 21.7%.

Median Sold Price Compared To Nearby Cities

Hopewell Township
+9.7%
Lower Makefield Township
+3.1%
Upper Makefield Township
-4.0%
Washington Crossing
-5.7%
Titusville
-7.7%

Housing Supply in Upper Makefield Township, PA

How many homes are available in Upper Makefield Township, PA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4449+11.4%

Summary: The Upper Makefield Township real estate market had 49 homes for sale in March 2024, a 11.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 98
-11.1%
4 1518
+20.0%
5+ 1820
+11.1%

Summary: The Upper Makefield 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 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Upper Makefield Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Upper Makefield Township in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Upper Makefield Township, PA

How long does it take to sell a home in Upper Makefield Township, PA?

Average Sale Time

Mar 2023Mar 2024CHANGE
60 Days60 Days-0.6%

Summary: Homes in Upper Makefield Township had an average of 60 days on market in Mar 2024, down by 0.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Upper Makefield Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 4 homes were sold in Upper Makefield Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Upper Makefield Township, PA

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What housing markets are near Upper Makefield Township, PA?