Is Buckingham Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Buckingham Township was a Seller's Market.
Housing Prices in Buckingham Township, PA
How much do homes in Buckingham Township, PA cost?
Median Sold Price
$700,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Buckingham Township was $700,000 in May 2024, down 5.7% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $322.5K | $327K | +1.4% |
3 Bedrooms | $526K | $560K | +6.5% |
4 Bedrooms | $825K | $846K | +2.5% |
5+ Bedrooms | $1.0M | $1.0M | -1.8% |
Summary: Buckingham 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 increased by 1.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
Furlong | $605K | $650K | +7.4% |
Buckingham Township | $742.5K | $700K | -5.7% |
Housing Supply in Buckingham Township, PA
How many homes are available in Buckingham Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 77 | +45.3% |
Summary: The Buckingham Township real estate market had 77 homes for sale in May 2024, a 45.3% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 27 | 44 | +63.0% |
5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The Buckingham 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 63%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Buckingham Township in May 2024, down by 36.4% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Buckingham Township, PA
How long does it take to sell a home in Buckingham Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 8 Days | -49.9% |
Summary: Homes in Buckingham Township had an average of 8 days on market in May 2024, down by 49.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Buckingham Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.