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 May 2023
At the same time last year, Upper Makefield Township was a Seller's Market.
Key Takeaway
Upper Makefield Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper Makefield Township, PA
How much do homes in Upper Makefield Township, PA cost?
Median Sold Price
$952,500
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Upper Makefield Township has remained the same since last year.
Summary: The median home sold price in Upper Makefield Township was $952,500 in May 2024, up 0.3% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $537.5K | $632.5K | +17.7% |
| 3 Bedrooms | $656.2K | $792.5K | +20.8% |
| 4 Bedrooms | $990K | $1.0M | +9.6% |
| 5+ Bedrooms | $1.5M | $1.8M | +21.7% |
Summary: Upper Makefield 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 17.7%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Hopewell Township | $565K | $620K | +9.7% |
| Lower Makefield Township | $600.3K | $620.5K | +3.4% |
| Upper Makefield Township | $950K | $952.5K | 0.3% |
| Washington Crossing | $750K | $725K | -3.3% |
| Titusville | $555K | $530K | -4.5% |
Housing Supply in Upper Makefield Township, PA
How many homes are available in Upper Makefield Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 54 | +42.1% |
Summary: The Upper Makefield Township real estate market had 54 homes for sale in May 2024, a 42.1% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The Upper Makefield 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 33.3%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were 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 4 homes were sold or pending in Upper Makefield Township in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 189 Days | 58 Days | -69.2% |
Summary: Homes in Upper Makefield Township had an average of 58 days on market in May 2024, down by 69.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was 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 May 2024, 4 homes were sold in Upper Makefield Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
