Is Chalfant, 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, Chalfant has remained a Seller's Market.
Key Takeaway
Chalfant is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chalfant, PA
How much do homes in Chalfant, PA cost?
Median Sold Price
$95,000
$67/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chalfant have sold for 26.4% less than they did a year ago.
Summary: The median home sold price in Chalfant was $95,000 in May 2024, down 26.4% from last year, and the median price per square foot was $67.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $92.5K | $85K | -8.1% |
| 3 Bedrooms | $150K | $95K | -36.7% |
| 4 Bedrooms | $100K | $109.5K | +9.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Chalfant 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 decreased by 8.1%, 3 bedroom homes decreased by 36.7%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Forest Hills | $210K | $220.1K | +4.8% |
| Wilkins Township | $176K | $180K | +2.3% |
| Chalfant | $129K | $95K | -26.4% |
Housing Supply in Chalfant, PA
How many homes are available in Chalfant, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Summary: The Chalfant real estate market had 2 homes for sale in May 2024, a 100.0% 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 | 1 | +100.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chalfant 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chalfant, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Chalfant in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Chalfant, PA
How long does it take to sell a home in Chalfant, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 3 Days | 0.0% |
Summary: Homes in Chalfant had an average of 3 days on market in May 2024, the same as last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chalfant are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Chalfant; 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.
