Is Telford, 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, Telford has remained a Seller's Market.
Housing Prices in Telford, PA
How much do homes in Telford, PA cost?
Median Sold Price
$387,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Telford was $387,000 in May 2024, down 0.3% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $185K | +9.5% |
2 Bedrooms | $275K | $316K | +14.9% |
3 Bedrooms | $383K | $356.5K | -6.9% |
4 Bedrooms | $563.7K | $480K | -14.9% |
5+ Bedrooms | $543K | $608K | +12.0% |
Summary: Telford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 14.9%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
Souderton | $345K | $415K | +20.3% |
Franconia Township | $432.5K | $495K | +14.5% |
Telford | $364.7K | $389.9K | +6.9% |
Telford | $388K | $387K | -0.3% |
Housing Supply in Telford, PA
How many homes are available in Telford, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 30 | +15.4% |
Summary: The Telford real estate market had 30 homes for sale in May 2024, a 15.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Telford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 13 | +225.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Telford in May 2024, up by 225.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 0% were sold at asking, and 77% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 10 Days | -2.3% |
Summary: Homes in Telford had an average of 10 days on market in May 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Telford; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.