$6,888 Closing Credit*
$580,000
2,312 SqFt
3 Beds
•2 Full Baths, 1 Partial
Donna Maicher, Listing Office: RE/MAX 440 - Pennsburg
Is Perkasie, 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, Perkasie has remained a Seller's Market.
Key Takeaway
Perkasie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Perkasie, PA
How much do homes in Perkasie, PA cost?
Median Sold Price
$455,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,500(+5.7%)
Key Takeaway
Homes in Perkasie have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Perkasie was $455,000 in October 2024, up 5.7% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $370K | +42.3% |
| 3 Bedrooms | $405K | $412.9K | +2.0% |
| 4 Bedrooms | $564K | $600.5K | +6.5% |
| 5+ Bedrooms | $469.9K | $799K | +70.0% |
Summary: Perkasie 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 42.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 70%.
Median Sold Price Compared To Nearby Cities
| East Rockhill Township | $461.5K | $500K | +8.3% |
| Perkasie | $430.5K | $455K | +5.7% |
| Hilltown Township | $502.5K | $506K | +0.7% |
| Sellersville | $433.5K | $400K | -7.7% |
Housing Supply in Perkasie, PA
How many homes are available in Perkasie, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 61 | -1.6% |
Summary: The Perkasie real estate market had 61 homes for sale in October 2024, a 1.6% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Perkasie 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 20%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 24 | +71.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Perkasie, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Perkasie in October 2024, up by 71.4% month-over-month. Of the 24 sold homes, 46% were sold under asking, 33% were sold at asking, and 21% were sold over asking.
Days on Market for Perkasie, PA
How long does it take to sell a home in Perkasie, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | +2.5% |
Summary: Homes in Perkasie had an average of 18 days on market in Oct 2024, up by 2.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Perkasie are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Perkasie; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
