Is Southampton, 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, Southampton has remained a Seller's Market.
Key Takeaway
Southampton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southampton, PA
How much do homes in Southampton, PA cost?
Median Sold Price
$501,375
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southampton have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Southampton was $501,375 in May 2024, up 12.7% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $248K | +10.2% |
| 2 Bedrooms | $300K | $340K | +13.3% |
| 3 Bedrooms | $425K | $443K | +4.2% |
| 4 Bedrooms | $549.9K | $628K | +14.2% |
| 5+ Bedrooms | $600K | $725K | +20.8% |
Summary: Southampton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Cities
| Northampton Township | $401K | $475K | +18.4% |
| Southampton | $445K | $501.3K | +12.7% |
| Feasterville Trevose | $425K | $450K | +5.9% |
| Upper Southampton Township | $422.5K | $440K | +4.1% |
| Lower Southampton Township | $425K | $440K | +3.5% |
Housing Supply in Southampton, PA
How many homes are available in Southampton, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 83 | -2.4% |
Summary: The Southampton real estate market had 83 homes for sale in May 2024, a 2.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 32 | 35 | +9.4% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Southampton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 17 | -34.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southampton, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Southampton in May 2024, down by 34.6% month-over-month. Of the 17 sold homes, 29% were sold under asking, 18% were sold at asking, and 53% were sold over asking.
Days on Market for Southampton, PA
How long does it take to sell a home in Southampton, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 12 Days | -22.5% |
Summary: Homes in Southampton had an average of 12 days on market in May 2024, down by 22.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southampton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Southampton; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
