$10,000 Closing Credit*
$999,000
3,656 SqFt
4 Beds
•3 Full Baths, 1 Partial
Lauren Carmela Perno, Listing Office: Coldwell Banker Realty
Is Chalfont, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Chalfont has remained a Seller's Market.
Key Takeaway
Chalfont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chalfont, PA
How much do homes in Chalfont, PA cost?
Median Sold Price
$555,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,500(-0.8%)
Key Takeaway
Homes in Chalfont have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Chalfont was $555,000 in November 2024, down 0.8% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $228K | N/A |
| 2 Bedrooms | $289K | $302K | +4.5% |
| 3 Bedrooms | $483.7K | $480K | -0.8% |
| 4 Bedrooms | $635.5K | $727.2K | +14.4% |
| 5+ Bedrooms | $995.7K | $650K | -34.7% |
Summary: Chalfont housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 34.7%.
Median Sold Price Compared To Nearby Cities
| Chalfont | $559.5K | $555K | -0.8% |
| New Britain Township | $525K | $515K | -1.9% |
Housing Supply in Chalfont, PA
How many homes are available in Chalfont, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 63 | -12.5% |
Summary: The Chalfont real estate market had 63 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 34 | 30 | -11.8% |
| 4 Bedrooms | 27 | 20 | -25.9% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Chalfont housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 25.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chalfont, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Chalfont in November 2024, down by 10.0% month-over-month. Of the 18 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 34 Days | +35.4% |
Summary: Homes in Chalfont had an average of 34 days on market in Nov 2024, up by 35.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chalfont are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Chalfont; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
