Is Horsham, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Horsham is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Horsham was a Buyer's Market.

Key Takeaway

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

Housing Prices in Horsham, PA

How much do homes in Horsham, PA cost?

Median Sold Price

$411,250

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,250(+5.2%)

Key Takeaway

Homes in Horsham have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Horsham was $411,250 in October 2024, up 5.2% from last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$222.5K
N/A
2 $301K$320K
+6.3%
3 $392.7K$425K
+8.2%
4 $590K$624.5K
+5.8%
5+ $580K$599.7K
+3.4%

Summary: Horsham 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 increased by 6.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 3.4%.

Median Sold Price Compared To Nearby Cities

Horsham Township
+18.9%
Upper Dublin Township
+11.1%
Upper Moreland Township
+10.7%
Horsham
+5.2%
Hatboro
-0.4%

Housing Supply in Horsham, PA

How many homes are available in Horsham, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4438-13.6%

Summary: The Horsham real estate market had 38 homes for sale in October 2024, a 13.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 117
-36.4%
3 2219
-13.6%
4 98
-11.1%
5+ 24
+100.0%

Summary: The Horsham 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 decreased by 36.4%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1812-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Horsham, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in Horsham in October 2024, down by 33.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% were sold over asking.

Days on Market for Horsham, PA

How long does it take to sell a home in Horsham, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
3 Days19 Days+411.1%

Summary: Homes in Horsham had an average of 19 days on market in Oct 2024, up by 411.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 12 homes were sold in Horsham; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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 4 Days Ago

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