Is Chalfont, 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, Chalfont has remained a Seller's Market.
Housing Prices in Chalfont, PA
How much do homes in Chalfont, PA cost?
Median Sold Price
$550,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chalfont was $550,000 in May 2024, up 4.8% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $156K | N/A |
2 Bedrooms | $295K | $296K | 0.3% |
3 Bedrooms | $477.5K | $454.2K | -4.9% |
4 Bedrooms | $545K | $710K | +30.3% |
5+ Bedrooms | $1.0M | $934.2K | -13.0% |
Summary: Chalfont 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 0.3%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes decreased by 13%.
Median Sold Price Compared To Nearby Cities
Chalfont | $525K | $550K | +4.8% |
New Britain Township | $506.2K | $497.5K | -1.7% |
Housing Supply in Chalfont, PA
How many homes are available in Chalfont, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 75 | +11.9% |
Summary: The Chalfont real estate market had 75 homes for sale in May 2024, a 11.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 35 | 37 | +5.7% |
4 Bedrooms | 26 | 31 | +19.2% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Chalfont 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 50%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Chalfont in May 2024, down by 6.7% month-over-month. Of the 14 sold homes, 21% were sold under asking, 21% were sold at asking, and 57% were sold over asking.
Days on Market for Chalfont, PA
How long does it take to sell a home in Chalfont, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 36 Days | +42.9% |
Summary: Homes in Chalfont had an average of 36 days on market in May 2024, up by 42.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Chalfont; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.