Is Telford, 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, Telford has remained a Seller's Market.
Housing Prices in Telford, PA
How much do homes in Telford, PA cost?
Median Sold Price
$390,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Telford was $390,000 in April 2024, up 2.2% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163K | $177K | +8.6% |
2 Bedrooms | $260.5K | $277.5K | +6.5% |
3 Bedrooms | $380K | $375K | -1.3% |
4 Bedrooms | $517.5K | $480K | -7.2% |
5+ Bedrooms | $535K | $746K | +39.4% |
Summary: Telford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 39.4%.
Median Sold Price Compared To Nearby Cities
Souderton | $330K | $412.5K | +25.0% |
Telford | $337.5K | $392K | +16.2% |
Franconia Township | $435K | $490K | +12.6% |
Telford | $381.5K | $390K | +2.2% |
Housing Supply in Telford, PA
How many homes are available in Telford, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Summary: The Telford real estate market had 22 homes for sale in April 2024, a 8.3% decrease 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 | 1 | 0 | -100.0% |
3 Bedrooms | 16 | 12 | -25.0% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Telford 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 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Telford in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Telford, PA
How long does it take to sell a home in Telford, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 8 Days | -76.4% |
Summary: Homes in Telford had an average of 8 days on market in Apr 2024, down by 76.4% compared to last year.
Breakdown of Home Sale Times
4 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, 4 homes were sold in Telford; 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.