Is Furlong, 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, Furlong has remained a Seller's Market.
Key Takeaway
Furlong is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Furlong, PA
How much do homes in Furlong, PA cost?
Median Sold Price
$603,929
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Furlong have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Furlong was $603,929 in April 2024, down 4.1% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $510K | $535K | +4.9% |
| 4 Bedrooms | $890K | $860K | -3.4% |
| 5+ Bedrooms | $940K | $962.5K | +2.4% |
Summary: Furlong 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 did not change, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Jamison | $625K | $637.5K | +2.0% |
| Furlong | $630K | $603.9K | -4.1% |
| Warwick Township | $570K | $530K | -7.0% |
| Buckingham Township | $750K | $695K | -7.3% |
Housing Supply in Furlong, PA
How many homes are available in Furlong, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Summary: The Furlong real estate market had 18 homes for sale in April 2024, a 14.3% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Furlong 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 increased by 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Furlong, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Furlong in April 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Furlong, PA
How long does it take to sell a home in Furlong, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 12 Days | +14.3% |
Summary: Homes in Furlong had an average of 12 days on market in Apr 2024, up by 14.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Furlong are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Furlong; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
