Is Quakertown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Quakertown has remained a Seller's Market.
Key Takeaway
Quakertown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Quakertown, PA
How much do homes in Quakertown, PA cost?
Median Sold Price
$360,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Quakertown have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Quakertown was $360,000 in May 2024, down 1.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $320K | N/A |
| 2 Bedrooms | $241K | $274.5K | +13.9% |
| 3 Bedrooms | $320K | $322.4K | +0.8% |
| 4 Bedrooms | $418.8K | $505K | +20.6% |
| 5+ Bedrooms | $567.5K | $460K | -18.9% |
Summary: Quakertown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes decreased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Richland Township | $380K | $395K | +3.9% |
| Quakertown | $365K | $360K | -1.4% |
| Milford Township | $419.9K | $395K | -5.9% |
Housing Supply in Quakertown, PA
How many homes are available in Quakertown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 91 | 102 | +12.1% |
Summary: The Quakertown real estate market had 102 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 45 | 49 | +8.9% |
| 4 Bedrooms | 29 | 33 | +13.8% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Quakertown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Quakertown, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Quakertown in May 2024, down by 4.2% month-over-month. Of the 23 sold homes, 26% were sold under asking, 17% were sold at asking, and 57% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 19 Days | +26.7% |
Summary: Homes in Quakertown had an average of 19 days on market in May 2024, up by 26.7% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Quakertown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Quakertown; 91% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
