Is Doylestown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Doylestown has remained a Seller's Market.
Key Takeaway
Doylestown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Doylestown, PA
How much do homes in Doylestown, PA cost?
Median Sold Price
$636,666
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Doylestown have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Doylestown was $636,666 in April 2024, up 3.4% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $269K | N/A |
| 2 Bedrooms | $322.7K | $353K | +9.4% |
| 3 Bedrooms | $475K | $520K | +9.5% |
| 4 Bedrooms | $770K | $774.3K | +0.6% |
| 5+ Bedrooms | $842.5K | $977K | +16.0% |
Summary: Doylestown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
| Doylestown Township | $620K | $643.3K | +3.8% |
| Doylestown | $615.9K | $636.6K | +3.4% |
| Buckingham Township | $750K | $695K | -7.3% |
Housing Supply in Doylestown, PA
How many homes are available in Doylestown, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 161 | 164 | +1.9% |
Summary: The Doylestown real estate market had 164 homes for sale in April 2024, a 1.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 77 | 61 | -20.8% |
| 4 Bedrooms | 45 | 62 | +37.8% |
| 5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Doylestown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 37.8%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 42 | -8.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Doylestown, you could pay more than the asking price. 54.8% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Doylestown in April 2024, down by 8.7% month-over-month. Of the 42 sold homes, 31% were sold under asking, 14% were sold at asking, and 55% were sold over asking.
Days on Market for Doylestown, PA
How long does it take to sell a home in Doylestown, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 17 Days | +15.4% |
Summary: Homes in Doylestown had an average of 17 days on market in Apr 2024, up by 15.4% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Doylestown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 42 homes were sold in Doylestown; 90% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
