$3,495,000
6,996 SqFt
5 Beds
•5 Full Baths, 2 Partial
James Spaziano, Listing Office: Jay Spaziano Real Estate
Is Upper Makefield 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, Upper Makefield Township has remained a Seller's Market.
Key Takeaway
Upper Makefield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Makefield Township, PA
How much do homes in Upper Makefield Township, PA cost?
Median Sold Price
$950,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$67,550(+7.7%)
Key Takeaway
Homes in Upper Makefield Township have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Upper Makefield Township was $950,000 in October 2024, up 7.7% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $562.5K | $685.5K | +21.9% |
| 3 Bedrooms | $656.2K | $776.2K | +18.3% |
| 4 Bedrooms | $990K | $1.0M | +9.6% |
| 5+ Bedrooms | $1.5M | $1.8M | +19.4% |
Summary: Upper Makefield 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 increased by 21.9%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Cities
| Lower Makefield Township | $600K | $650K | +8.3% |
| Upper Makefield Township | $882.4K | $950K | +7.7% |
| Hopewell Township | $615.8K | $627.5K | +1.9% |
| Washington Crossing | $717.5K | $723.7K | +0.9% |
Housing Supply in Upper Makefield Township, PA
How many homes are available in Upper Makefield Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 34 | -19.0% |
Summary: The Upper Makefield Township real estate market had 34 homes for sale in October 2024, a 19.0% 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 17 | 13 | -23.5% |
Summary: The Upper Makefield 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 66.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 23.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Makefield Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Upper Makefield Township in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Upper Makefield Township, PA
How long does it take to sell a home in Upper Makefield Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 14 Days | -58.2% |
Summary: Homes in Upper Makefield Township had an average of 14 days on market in Oct 2024, down by 58.2% compared to last year.
Breakdown of Home Sale Times
5 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 Upper Makefield Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Upper Makefield Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
