Is Upper Southampton Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Upper Southampton Township has remained a Seller's Market.
Key Takeaway
Upper Southampton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Upper Southampton Township, PA cost?
Median Sold Price
$440,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Upper Southampton Township have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Upper Southampton Township was $440,000 in August 2023, up 8.1% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $264.9K | +26.2% |
| 2 Bedrooms | $280K | $285K | +1.8% |
| 3 Bedrooms | $390K | $407K | +4.4% |
| 4 Bedrooms | $440K | $490K | +11.4% |
| 5+ Bedrooms | $560K | $640K | +14.3% |
Summary: Upper Southampton Township housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 26.2%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Upper Southampton Township | $407K | $440K | +8.1% |
| Southampton | $425K | $456.3K | +7.4% |
| Feasterville Trevose | $417.5K | $447.9K | +7.3% |
| Lower Southampton Township | $415K | $437.5K | +5.4% |
| Warminster Township | $410K | $425K | +3.7% |
Housing Supply
How many homes are available in Upper Southampton Township, PA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 43 | 39 | -9.3% |
Summary: The Upper Southampton Township real estate market had 39 homes for sale in August 2023, a 9.3% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Upper Southampton Township housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Southampton Township, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Upper Southampton Township in August 2023, up by 40.0% month-over-month. Of the 14 sold homes, 7% were sold under asking, 21% were sold at asking, and 71% were sold over asking.
Days on Market
How long does it take to sell a home in Upper Southampton Township, PA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 16 Days | 14 Days | -16.4% |
Summary: Homes in Upper Southampton Township had an average of 14 days on market in Aug 2023, down by 16.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Upper Southampton Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 14 homes were sold in Upper Southampton Township; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
