Is Neshaminy Valley, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Neshaminy Valley is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Neshaminy Valley has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Neshaminy Valley, PA

How much do homes in Neshaminy Valley, PA cost?

Median Sold Price

$405,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+5.2%)

Key Takeaway

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

Summary: The median home sold price in Neshaminy Valley was $405,000 in November 2024, up 5.2% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $215K-
N/A
2 $312.5K$300K
-4.0%
3 $376.6K$405K
+7.5%
4 $547K$499.9K
-8.6%
5+ $425K$550K
+29.4%

Summary: Neshaminy Valley 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 decreased by 4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 29.4%.

Housing Supply in Neshaminy Valley, PA

How many homes are available in Neshaminy Valley, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3226-18.8%

Summary: The Neshaminy Valley real estate market had 26 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 2118
-14.3%
4 65
-16.7%
5+ 00
0.0%

Summary: The Neshaminy Valley 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 40%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13130.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Neshaminy Valley, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Neshaminy Valley in November 2024, the same as the previous month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.

Days on Market for Neshaminy Valley, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days21 Days-19.8%

Summary: Homes in Neshaminy Valley had an average of 21 days on market in Nov 2024, down by 19.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 13 homes were sold in Neshaminy Valley; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

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