Is Hatfield Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hatfield Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Hatfield Township has remained a Seller's Market.

Key Takeaway

Hatfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hatfield Township, PA

How much do homes in Hatfield Township, PA cost?

Median Sold Price

$461,000

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,000(-0.9%)

Key Takeaway

Homes in Hatfield Township have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Hatfield Township was $461,000 in November 2024, down 0.9% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $440K$460K
+4.5%
3 $397.5K$423.7K
+6.6%
4 $537K$537.5K
0.1%
5+ $590.8K$768K
+30.0%

Summary: Hatfield Township 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 increased by 6.6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 30%.

Median Sold Price Compared To Nearby Cities

Lansdale
+7.3%
Hatfield
0.0%
Hatfield Township
-0.9%

Housing Supply in Hatfield Township, PA

How many homes are available in Hatfield Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5445-16.7%

Summary: The Hatfield Township real estate market had 45 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1410
-28.6%
3 1814
-22.2%
4 1715
-11.8%
5+ 56
+20.0%

Summary: The Hatfield Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1721+23.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hatfield Township, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Hatfield Township in November 2024, up by 23.5% month-over-month. Of the 21 sold homes, 14% were sold under asking, 24% were sold at asking, and 62% 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

Nov 2023Nov 2024CHANGE
21 Days26 Days+24.3%

Summary: Homes in Hatfield Township had an average of 26 days on market in Nov 2024, up by 24.3% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hatfield Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 21 homes were sold in Hatfield Township; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Hatfield Township, PA

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