Is Langhorne, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Langhorne has remained a Seller's Market.
Key Takeaway
Langhorne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Langhorne, PA
How much do homes in Langhorne, PA cost?
Median Sold Price
$507,833
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Langhorne have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Langhorne was $507,833 in May 2024, up 1.6% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.2K | $250K | +7.6% |
| 2 Bedrooms | $458.8K | $384.9K | -16.1% |
| 3 Bedrooms | $422.5K | $425K | +0.6% |
| 4 Bedrooms | $612.5K | $650K | +6.1% |
| 5+ Bedrooms | $600K | $575K | -4.2% |
Summary: Langhorne housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Northampton Township | $401K | $475K | +18.4% |
| Feasterville Trevose | $425K | $450K | +5.9% |
| Langhorne | $500K | $507.8K | +1.6% |
| Middletown Township | $405K | $395K | -2.5% |
Housing Supply in Langhorne, PA
How many homes are available in Langhorne, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 83 | +18.6% |
Summary: The Langhorne real estate market had 83 homes for sale in May 2024, a 18.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 27 | 34 | +25.9% |
| 4 Bedrooms | 30 | 32 | +6.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Langhorne housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Langhorne, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Langhorne in May 2024, up by 25.0% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.
Days on Market for Langhorne, PA
How long does it take to sell a home in Langhorne, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 16 Days | +108.0% |
Summary: Homes in Langhorne had an average of 16 days on market in May 2024, up by 108% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Langhorne are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Langhorne; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
