$4,511 Closing Credit*
$379,900
1,440 SqFt
3 Beds
•1 Full Bath, 1 Partial
Donald O Bormes Jr., Listing Office: RE/MAX Centre Realtors
Is Chalfont, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$549,633
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,366(-1.9%)
Key Takeaway
Homes in Chalfont have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Chalfont was $549,633 in October 2024, down 1.9% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $228K | N/A |
| 2 Bedrooms | $296K | $294.7K | -0.4% |
| 3 Bedrooms | $483.7K | $475K | -1.8% |
| 4 Bedrooms | $631.5K | $732K | +15.9% |
| 5+ Bedrooms | $995.7K | $670K | -32.7% |
Summary: Chalfont housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes decreased by 32.7%.
Median Sold Price Compared To Nearby Cities
| Chalfont | $560K | $549.6K | -1.9% |
| New Britain Township | $530K | $510K | -3.8% |
| New Britain | $492.5K | $441K | -10.5% |
Housing Supply in Chalfont, PA
How many homes are available in Chalfont, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 67 | -14.1% |
Summary: The Chalfont real estate market had 67 homes for sale in October 2024, a 14.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 41 | 33 | -19.5% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Chalfont housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chalfont, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Chalfont in October 2024, down by 10.0% month-over-month. Of the 18 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 25 Days | +3.2% |
Summary: Homes in Chalfont had an average of 25 days on market in Oct 2024, up by 3.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chalfont are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Chalfont; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
