Is Hatfield Township, 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, Hatfield Township has remained a Seller's Market.
Housing Prices in Hatfield Township, PA
How much do homes in Hatfield Township, PA cost?
Median Sold Price
$460,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hatfield Township was $460,000 in May 2024, down 1.8% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $400K | $460K | +15.0% |
3 Bedrooms | $385K | $405K | +5.2% |
4 Bedrooms | $575K | $515K | -10.4% |
5+ Bedrooms | $886.7K | $542K | -38.9% |
Summary: Hatfield Township 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 increased by 15%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 38.9%.
Median Sold Price Compared To Nearby Cities
Lansdale | $407.9K | $425.2K | +4.2% |
Colmar | $495.5K | $515K | +3.9% |
Hatfield Township | $468.5K | $460K | -1.8% |
Hatfield | $490K | $460K | -6.1% |
Housing Supply in Hatfield Township, PA
How many homes are available in Hatfield Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 60 | +13.2% |
Summary: The Hatfield Township real estate market had 60 homes for sale in May 2024, a 13.2% 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 | 11 | 7 | -36.4% |
3 Bedrooms | 21 | 29 | +38.1% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Hatfield Township 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 decreased by 36.4%, 3 bedroom homes increased by 38.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Hatfield Township in May 2024, down by 6.7% month-over-month. Of the 14 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Hatfield Township, PA
How long does it take to sell a home in Hatfield Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 17 Days | +48.9% |
Summary: Homes in Hatfield Township had an average of 17 days on market in May 2024, up by 48.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Hatfield Township; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.