Is Upper Makefield Township, 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, Upper Makefield Township was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $515.5K | $575K | +11.5% |
3 Bedrooms | $747.4K | $724.8K | -3.0% |
4 Bedrooms | $1.0M | $997K | -3.9% |
5+ Bedrooms | $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 | $565K | $620K | +9.7% |
Lower Makefield Township | $600.5K | $619K | +3.1% |
Upper Makefield Township | $994.9K | $955K | -4.0% |
Washington Crossing | $769K | $724.8K | -5.7% |
Titusville | $569K | $525K | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 49 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 18 | 20 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 4 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 60 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
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.