$3,561 Closing Credit*
$299,900
1,411 SqFt
4 Beds
•2 Full Baths
Jeffrey Torchia
Is Souderton, 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, Souderton has remained a Seller's Market.
Key Takeaway
Souderton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Souderton, PA
How much do homes in Souderton, PA cost?
Median Sold Price
$435,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+13.0%)
Key Takeaway
Homes in Souderton have sold for 13% more than they did a year ago.
Summary: The median home sold price in Souderton was $435,000 in October 2024, up 13% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $465K | $465K | 0.0% |
| 3 Bedrooms | $347.5K | $410K | +18.0% |
| 4 Bedrooms | $438.7K | $480K | +9.4% |
| 5+ Bedrooms | $503K | $586K | +16.5% |
Summary: Souderton 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 did not change, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Souderton | $385K | $435K | +13.0% |
| Telford | $382K | $427K | +11.8% |
| Telford | $384K | $425.5K | +10.8% |
| Hilltown Township | $502.5K | $506K | +0.7% |
| Franconia Township | $490K | $474.9K | -3.1% |
Housing Supply in Souderton, PA
How many homes are available in Souderton, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 28 | -12.5% |
Summary: The Souderton real estate market had 28 homes for sale in October 2024, a 12.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Souderton 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 remained the same, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Souderton, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Souderton in October 2024, down by 37.5% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 12 Days | +54.8% |
Summary: Homes in Souderton had an average of 12 days on market in Oct 2024, up by 54.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 10 homes were sold in Souderton; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
