Is Horsham, 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, Horsham has remained a Seller's Market.
Key Takeaway
Horsham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Horsham, PA
How much do homes in Horsham, PA cost?
Median Sold Price
$400,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Horsham have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Horsham was $400,000 in May 2024, up 9.6% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $222.5K | N/A |
| 2 Bedrooms | $269K | $305K | +13.4% |
| 3 Bedrooms | $385K | $403K | +4.7% |
| 4 Bedrooms | $543.5K | $582.5K | +7.2% |
| 5+ Bedrooms | $495.5K | $625K | +26.1% |
Summary: Horsham 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 13.4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 26.1%.
Median Sold Price Compared To Nearby Cities
| Horsham Township | $425.5K | $507.5K | +19.3% |
| Hatboro | $384K | $430K | +12.0% |
| Horsham | $365K | $400K | +9.6% |
| Upper Moreland Township | $380K | $400K | +5.3% |
| Upper Dublin Township | $550K | $570K | +3.6% |
Housing Supply in Horsham, PA
How many homes are available in Horsham, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 42 | +20.0% |
Summary: The Horsham real estate market had 42 homes for sale in May 2024, a 20.0% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Horsham 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 11.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Horsham, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Horsham in May 2024, up by 57.1% month-over-month. Of the 11 sold homes, 9% were sold under asking, 9% were sold at asking, and 82% were sold over asking.
Days on Market for Horsham, PA
How long does it take to sell a home in Horsham, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 11 Days | +52.9% |
Summary: Homes in Horsham had an average of 11 days on market in May 2024, up by 52.9% compared to last year.
Breakdown of Home Sale Times
10 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 Horsham are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Horsham; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
