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 June 2023
At the same time last year, Upper Makefield Township was a Seller's Market.
Key Takeaway
Upper Makefield Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Upper Makefield Township, PA
How much do homes in Upper Makefield Township, PA cost?
Median Sold Price
$997,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Upper Makefield Township have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in Upper Makefield Township was $997,000 in June 2024, up 15.3% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $525K | $632.5K | +20.5% |
| 3 Bedrooms | $681.2K | $792.5K | +16.3% |
| 4 Bedrooms | $970K | $1.0M | +12.6% |
| 5+ Bedrooms | $1.5M | $1.7M | +15.0% |
Summary: Upper Makefield Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
| Upper Makefield Township | $865K | $997K | +15.3% |
| Washington Crossing | $687.5K | $770K | +12.0% |
| Hopewell Township | $565K | $625K | +10.6% |
| Lower Makefield Township | $595K | $625K | +5.0% |
Housing Supply in Upper Makefield Township, PA
How many homes are available in Upper Makefield Township, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 55 | 45 | -18.2% |
Summary: The Upper Makefield Township real estate market had 45 homes for sale in June 2024, a 18.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The Upper Makefield Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Makefield Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Upper Makefield Township in June 2024, down by 41.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 6 Days | 11 Days | +76.5% |
Summary: Homes in Upper Makefield Township had an average of 11 days on market in Jun 2024, up by 76.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Makefield Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 7 homes were sold in Upper Makefield Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
