Is Richland 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, Richland Township has remained a Seller's Market.
Housing Prices in Richland Township, PA
How much do homes in Richland Township, PA cost?
Median Sold Price
$380,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Richland Township was $380,000 in April 2024, up 0.7% 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 | $278K | - | N/A |
2 Bedrooms | $230.7K | $279.4K | +21.1% |
3 Bedrooms | $328.1K | $338.6K | +3.2% |
4 Bedrooms | $422K | $505K | +19.6% |
5+ Bedrooms | $460K | $483K | +5.0% |
Summary: Richland Township 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 21.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 5%.
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 Richland Township, PA
How many homes are available in Richland Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 44 | 0.0% |
Summary: The Richland Township real estate market had 44 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 21 | 24 | +14.3% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Richland 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 decreased by 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Richland Township in April 2024, up by 15.4% month-over-month. Of the 15 sold homes, 13% were sold under asking, 20% were sold at asking, and 67% were sold over asking.
Days on Market for Richland Township, PA
How long does it take to sell a home in Richland Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 5 Days | -48.8% |
Summary: Homes in Richland Township had an average of 5 days on market in Apr 2024, down by 48.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Richland Township; 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.