Is Hatboro, 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, Hatboro has remained a Seller's Market.
Key Takeaway
Hatboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hatboro, PA
How much do homes in Hatboro, PA cost?
Median Sold Price
$423,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hatboro have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Hatboro was $423,000 in April 2024, up 13.4% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $176K | N/A |
| 2 Bedrooms | $250K | $226.5K | -9.4% |
| 3 Bedrooms | $373K | $394.5K | +5.8% |
| 4 Bedrooms | $420K | $467.5K | +11.3% |
| 5+ Bedrooms | $487K | $565K | +16.0% |
Summary: Hatboro 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 decreased by 9.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
| Hatboro | $373K | $423K | +13.4% |
| Horsham | $360K | $403K | +11.9% |
| Warminster Township | $420K | $449.5K | +7.0% |
| Warminster | $423.5K | $449.7K | +6.2% |
| Upper Moreland Township | $389.9K | $401.2K | +2.9% |
Housing Supply in Hatboro, PA
How many homes are available in Hatboro, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 32 | +28.0% |
Summary: The Hatboro real estate market had 32 homes for sale in April 2024, a 28.0% increase 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 | 10 | 14 | +40.0% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Hatboro 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 increased by 40%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hatboro, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Hatboro in April 2024, the same as the previous month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for Hatboro, PA
How long does it take to sell a home in Hatboro, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 8 Days | -63.9% |
Summary: Homes in Hatboro had an average of 8 days on market in Apr 2024, down by 63.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hatboro are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Hatboro; 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.
