Is Hatfield, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hatfield has remained a Seller's Market.
Key Takeaway
Hatfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hatfield, PA
How much do homes in Hatfield, PA cost?
Median Sold Price
$460,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hatfield have sold for 6.1% less than they did a year ago.
Summary: The median home sold price in Hatfield was $460,000 in May 2024, down 6.1% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $213K | $480K | +125.4% |
| 3 Bedrooms | $403K | $421K | +4.5% |
| 4 Bedrooms | $585K | $487.5K | -16.7% |
| 5+ Bedrooms | $773.8K | $589K | -23.9% |
Summary: Hatfield 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 125.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 23.9%.
Median Sold Price Compared To Nearby Cities
| Hatfield Township | $468.5K | $460K | -1.8% |
| Hatfield | $490K | $460K | -6.1% |
Housing Supply in Hatfield, PA
How many homes are available in Hatfield, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 47 | +2.2% |
Summary: The Hatfield real estate market had 47 homes for sale in May 2024, a 2.2% 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 | 11 | 7 | -36.4% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hatfield 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 decreased by 36.4%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hatfield, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Hatfield in May 2024, down by 26.7% month-over-month. Of the 11 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.
Days on Market for Hatfield, PA
How long does it take to sell a home in Hatfield, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 20 Days | +97.2% |
Summary: Homes in Hatfield had an average of 20 days on market in May 2024, up by 97.2% compared to last year.
Breakdown of Home Sale Times
9 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 Hatfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Hatfield; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
