Is Horsham, 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, Horsham has remained a Seller's Market.
Key Takeaway
Horsham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Horsham, PA
How much do homes in Horsham, PA cost?
Median Sold Price
$403,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Horsham have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Horsham was $403,000 in April 2024, up 11.9% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $222.5K | N/A |
| 2 Bedrooms | $269K | $300K | +11.5% |
| 3 Bedrooms | $374.2K | $403K | +7.7% |
| 4 Bedrooms | $535K | $590K | +10.3% |
| 5+ Bedrooms | $465K | $625K | +34.4% |
Summary: Horsham 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 11.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 34.4%.
Median Sold Price Compared To Nearby Cities
| Horsham Township | $425.2K | $505K | +18.8% |
| Hatboro | $373K | $423K | +13.4% |
| Horsham | $360K | $403K | +11.9% |
| Upper Moreland Township | $389.9K | $401.2K | +2.9% |
| Upper Dublin Township | $549.9K | $563.4K | +2.5% |
Housing Supply in Horsham, PA
How many homes are available in Horsham, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 33 | +26.9% |
Summary: The Horsham real estate market had 33 homes for sale in April 2024, a 26.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Horsham 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 remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Horsham, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Horsham in April 2024, down by 30.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Horsham, PA
How long does it take to sell a home in Horsham, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 4 Days | 8 Days | +90.0% |
Summary: Homes in Horsham had an average of 8 days on market in Apr 2024, up by 90% 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 Horsham are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Horsham; 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.
