$5,344 Closing Credit*
$450,000
1,638 SqFt
Sherry L Lamelza, Listing Office: Coldwell Banker Hearthside-Doylestown
Is Horsham, 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, Horsham has remained a Seller'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
$425,500
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,500(+10.5%)
Key Takeaway
Homes in Horsham have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Horsham was $425,500 in November 2024, up 10.5% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | - | N/A |
| 2 Bedrooms | $299.4K | $320K | +6.9% |
| 3 Bedrooms | $391K | $426K | +9.0% |
| 4 Bedrooms | $582.5K | $624.5K | +7.2% |
| 5+ Bedrooms | $580K | $599.7K | +3.4% |
Summary: Horsham 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 6.9%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Horsham Township | $470K | $566.3K | +20.5% |
| Upper Dublin Township | $541.6K | $604.5K | +11.6% |
| Upper Moreland Township | $388.6K | $430K | +10.6% |
| Horsham | $385K | $425.5K | +10.5% |
| Hatboro | $410K | $415K | +1.2% |
Housing Supply in Horsham, PA
How many homes are available in Horsham, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 29 | -21.6% |
Summary: The Horsham real estate market had 29 homes for sale in November 2024, a 21.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 19 | 14 | -26.3% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Horsham 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 37.5%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Horsham, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Horsham in November 2024, down by 25.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 15 Days | +51.0% |
Summary: Homes in Horsham had an average of 15 days on market in Nov 2024, up by 51% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Horsham are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Horsham; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
