$8,063 Closing Credit*
$679,000
2,058 SqFt
4 Beds
•2 Full Baths, 1 Partial
Gay A. Davidson
Is Skippack Township, 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, Skippack Township has remained a Seller's Market.
Key Takeaway
Skippack Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Skippack Township, PA
How much do homes in Skippack Township, PA cost?
Median Sold Price
$530,750
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$75,750(+16.6%)
Key Takeaway
Homes in Skippack Township have sold for 16.6% more than they did a year ago.
Summary: The median home sold price in Skippack Township was $530,750 in October 2024, up 16.6% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $436K | $362.4K | -16.9% |
| 3 Bedrooms | $397.5K | $408K | +2.6% |
| 4 Bedrooms | $591.5K | $687.5K | +16.2% |
| 5+ Bedrooms | $842.5K | $770K | -8.6% |
Summary: Skippack Township 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 decreased by 16.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Skippack Township | $455K | $530.7K | +16.6% |
| Perkiomen Township | $400K | $438.5K | +9.6% |
| Lower Salford Township | $520K | $545K | +4.8% |
| Harleysville | $483.7K | $495K | +2.3% |
| Towamencin Township | $427.5K | $425K | -0.6% |
Housing Supply in Skippack Township, PA
How many homes are available in Skippack Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 43 | -10.4% |
Summary: The Skippack Township real estate market had 43 homes for sale in October 2024, a 10.4% 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 | 10 | 9 | -10.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Skippack Township 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 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 18 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Skippack Township, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Skippack Township in October 2024, up by 100.0% month-over-month. Of the 18 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Skippack Township, PA
How long does it take to sell a home in Skippack Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 21 Days | +59.7% |
Summary: Homes in Skippack Township had an average of 21 days on market in Oct 2024, up by 59.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Skippack Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Skippack Township; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
