$6,947 Closing Credit*
$585,000
2,512 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Real Estate
Is Souderton, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Souderton was a Seller's Market.
Key Takeaway
Souderton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Souderton, PA
How much do homes in Souderton, PA cost?
Median Sold Price
$437,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,550(+11.4%)
Key Takeaway
Homes in Souderton have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Souderton was $437,000 in November 2024, up 11.4% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $445K | $465K | +4.5% |
| 3 Bedrooms | $350K | $410K | +17.1% |
| 4 Bedrooms | $430K | $482.5K | +12.2% |
| 5+ Bedrooms | $503K | $586K | +16.5% |
Summary: Souderton 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 increased by 4.5%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Souderton | $392.4K | $437K | +11.4% |
| Hilltown Township | $497K | $550K | +10.7% |
| Telford | $388.4K | $425K | +9.4% |
| Telford | $388.4K | $423.7K | +9.1% |
| Franconia Township | $492.5K | $473K | -4.0% |
Housing Supply in Souderton, PA
How many homes are available in Souderton, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 17 | -29.2% |
Summary: The Souderton real estate market had 17 homes for sale in November 2024, a 29.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 8 | -50.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Souderton 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 2 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Souderton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Souderton in November 2024, down by 80.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Souderton, PA
How long does it take to sell a home in Souderton, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 13 Days | +200.0% |
Summary: Homes in Souderton had an average of 13 days on market in Nov 2024, up by 200% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Souderton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Souderton; 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.
