Is Lower Makefield Township, 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, Lower Makefield Township has remained a Seller's Market.
Housing Prices in Lower Makefield Township, PA
How much do homes in Lower Makefield Township, PA cost?
Median Sold Price
$621,625
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lower Makefield Township was $621,625 in April 2024, up 3.6% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $249K | $215K | -13.7% |
2 Bedrooms | $362.5K | $395K | +9.0% |
3 Bedrooms | $480K | $547.5K | +14.1% |
4 Bedrooms | $686K | $750K | +9.3% |
5+ Bedrooms | $785K | $785K | 0.0% |
Summary: Lower Makefield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Yardley | $525K | $605.6K | +15.4% |
Morrisville | $315K | $360K | +14.3% |
Ewing Township | $302.2K | $337K | +11.5% |
Lower Makefield Township | $600K | $621.6K | +3.6% |
Housing Supply in Lower Makefield Township, PA
How many homes are available in Lower Makefield Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 76 | +7.0% |
Summary: The Lower Makefield Township real estate market had 76 homes for sale in April 2024, a 7.0% 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 | 12 | 16 | +33.3% |
3 Bedrooms | 28 | 28 | 0.0% |
4 Bedrooms | 23 | 26 | +13.0% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Lower Makefield Township 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 15 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Lower Makefield Township in April 2024, down by 50.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 13% were sold at asking, and 53% were sold over asking.
Days on Market for Lower Makefield Township, PA
How long does it take to sell a home in Lower Makefield Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 10 Days | -30.8% |
Summary: Homes in Lower Makefield Township had an average of 10 days on market in Apr 2024, down by 30.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Lower Makefield Township; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.