Is Quakertown, 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, Quakertown has remained a Seller's Market.
Housing Prices in Quakertown, PA
How much do homes in Quakertown, PA cost?
Median Sold Price
$354,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Quakertown was $354,500 in April 2024, down 5.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $320K | N/A |
2 Bedrooms | $240K | $268K | +11.7% |
3 Bedrooms | $320K | $325K | +1.6% |
4 Bedrooms | $409.4K | $452.5K | +10.5% |
5+ Bedrooms | $480K | $466.5K | -2.8% |
Summary: Quakertown 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 11.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
Richland Township | $377.4K | $380K | +0.7% |
Quakertown | $375K | $354.5K | -5.5% |
Milford Township | $419.9K | $380K | -9.5% |
Housing Supply in Quakertown, PA
How many homes are available in Quakertown, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 85 | +11.8% |
Summary: The Quakertown real estate market had 85 homes for sale in April 2024, a 11.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 36 | 45 | +25.0% |
4 Bedrooms | 24 | 27 | +12.5% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Quakertown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Quakertown in April 2024, up by 15.0% month-over-month. Of the 23 sold homes, 22% were sold under asking, 26% were sold at asking, and 52% were sold over asking.
Days on Market for Quakertown, PA
How long does it take to sell a home in Quakertown, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 17 Days | -16.8% |
Summary: Homes in Quakertown had an average of 17 days on market in Apr 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Quakertown; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.