Is Perkasie, 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, Perkasie has remained a Seller's Market.
Housing Prices in Perkasie, PA
How much do homes in Perkasie, PA cost?
Median Sold Price
$431,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Perkasie was $431,500 in April 2024, up 1.5% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $250K | $280K | +12.0% |
3 Bedrooms | $391.4K | $412.9K | +5.5% |
4 Bedrooms | $545K | $580K | +6.4% |
5+ Bedrooms | $325K | $598.9K | +84.3% |
Summary: Perkasie 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 12%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 84.3%.
Median Sold Price Compared To Nearby Cities
Sellersville | $334.5K | $415K | +24.1% |
Perkasie | $425K | $431.5K | +1.5% |
Hilltown Township | $515K | $492K | -4.5% |
Housing Supply in Perkasie, PA
How many homes are available in Perkasie, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 46 | +9.5% |
Summary: The Perkasie real estate market had 46 homes for sale in April 2024, a 9.5% 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 | 3 | 4 | +33.3% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 15 | 13 | -13.3% |
5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Perkasie 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 decreased by 13.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 8 | -60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Perkasie in April 2024, down by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Perkasie, PA
How long does it take to sell a home in Perkasie, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 23 Days | +97.1% |
Summary: Homes in Perkasie had an average of 23 days on market in Apr 2024, up by 97.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Perkasie; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.