Is Skippack Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Skippack Township has remained a Seller's Market.
Housing Prices in Skippack Township, PA
How much do homes in Skippack Township, PA cost?
Median Sold Price
$488,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Skippack Township was $488,000 in May 2024, up 7.8% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $311K | $300.5K | -3.4% |
3 Bedrooms | $395K | $415K | +5.1% |
4 Bedrooms | $591.5K | $638.7K | +8.0% |
5+ Bedrooms | $847.5K | $1.0M | +21.8% |
Summary: Skippack Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Cities
Perkiomen Township | $400K | $435K | +8.8% |
Skippack Township | $452.5K | $488K | +7.8% |
Harleysville | $485K | $475K | -2.1% |
Lower Salford Township | $542.4K | $520K | -4.1% |
Towamencin Township | $455K | $425K | -6.6% |
Housing Supply in Skippack Township, PA
How many homes are available in Skippack Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 34 | +21.4% |
Summary: The Skippack Township real estate market had 34 homes for sale in May 2024, a 21.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Skippack Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Skippack Township in May 2024, the same as the previous month. Of the 9 sold homes, 11% were sold under asking, 0% were sold at asking, and 89% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 4 Days | -39.4% |
Summary: Homes in Skippack Township had an average of 4 days on market in May 2024, down by 39.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Skippack Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.