$3,907 Closing Credit*
$329,000
1,776 SqFt
Edward W Ragar, Listing Office: J Carroll Molloy
Is Telford, 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, Telford has remained a Seller's Market.
Key Takeaway
Telford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Telford, PA
How much do homes in Telford, PA cost?
Median Sold Price
$425,500
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,500(+10.8%)
Key Takeaway
Homes in Telford have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Telford was $425,500 in October 2024, up 10.8% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $166.5K | -10.0% |
| 2 Bedrooms | $275K | $287.5K | +4.5% |
| 3 Bedrooms | $368.5K | $410K | +11.3% |
| 4 Bedrooms | $480K | $505K | +5.2% |
| 5+ Bedrooms | $700K | $752.5K | +7.5% |
Summary: Telford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Souderton | $385K | $435K | +13.0% |
| Telford | $382K | $427K | +11.8% |
| Telford | $384K | $425.5K | +10.8% |
| Salford Township | $425K | $443.7K | +4.4% |
| Franconia Township | $490K | $474.9K | -3.1% |
Housing Supply in Telford, PA
How many homes are available in Telford, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Summary: The Telford real estate market had 40 homes for sale in October 2024, a 5.3% increase 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 | 2 | 5 | +150.0% |
| 3 Bedrooms | 21 | 17 | -19.0% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Telford 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 increased by 150%, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Telford, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Telford in October 2024, up by 50.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Telford, PA
How long does it take to sell a home in Telford, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 12 Days | +60.7% |
Summary: Homes in Telford had an average of 12 days on market in Oct 2024, up by 60.7% compared to last year.
Breakdown of Home Sale Times
11 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 Telford are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Telford; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
