$4,750 Closing Credit*
$400,000
2,136 SqFt
5 Beds
•2 Full Baths
Geoffrey W Slick, Listing Office: Keller Williams Real Estate-Montgomeryville
Is Quakertown, 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, Quakertown has remained a Seller's Market.
Key Takeaway
Quakertown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Quakertown, PA
How much do homes in Quakertown, PA cost?
Median Sold Price
$384,950
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,285(+3.6%)
Key Takeaway
Homes in Quakertown have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Quakertown was $384,950 in October 2024, up 3.6% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $174.9K | -45.3% |
| 2 Bedrooms | $255K | $279.9K | +9.8% |
| 3 Bedrooms | $335.5K | $330K | -1.6% |
| 4 Bedrooms | $424.7K | $555K | +30.7% |
| 5+ Bedrooms | $481.5K | $448.5K | -6.9% |
Summary: Quakertown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.3%, 2 bedroom homes increased by 9.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 30.7%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Cities
| Quakertown | $371.6K | $384.9K | +3.6% |
| Milford Township | $416.2K | $425K | +2.1% |
| Richland Township | $388K | $379.9K | -2.1% |
Housing Supply in Quakertown, PA
How many homes are available in Quakertown, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 115 | 91 | -20.9% |
Summary: The Quakertown real estate market had 91 homes for sale in October 2024, a 20.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 13 | 7 | -46.2% |
| 3 Bedrooms | 48 | 42 | -12.5% |
| 4 Bedrooms | 44 | 35 | -20.5% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Quakertown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 46.2%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 20.5%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 35 | -12.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Quakertown, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Quakertown in October 2024, down by 12.5% month-over-month. Of the 35 sold homes, 34% were sold under asking, 26% were sold at asking, and 40% were sold over asking.
Days on Market for Quakertown, PA
How long does it take to sell a home in Quakertown, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 24 Days | +37.5% |
Summary: Homes in Quakertown had an average of 24 days on market in Oct 2024, up by 37.5% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Quakertown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in Quakertown; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
