Is Northampton Township, 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, Northampton Township has remained a Seller's Market.
Key Takeaway
Northampton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northampton Township, PA
How much do homes in Northampton Township, PA cost?
Median Sold Price
$475,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Northampton Township have sold for 18.4% more than they did a year ago.
Summary: The median home sold price in Northampton Township was $475,000 in May 2024, up 18.4% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $249.5K | +10.9% |
| 2 Bedrooms | $300K | $335K | +11.7% |
| 3 Bedrooms | $325K | $365K | +12.3% |
| 4 Bedrooms | $547.4K | $625K | +14.2% |
| 5+ Bedrooms | $601K | $850K | +41.4% |
Summary: Northampton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 41.4%.
Median Sold Price Compared To Nearby Cities
| Northampton Township | $401K | $475K | +18.4% |
| Newtown Township | $560K | $658.3K | +17.6% |
| Southampton | $445K | $501.3K | +12.7% |
| Warminster | $420K | $449.9K | +7.1% |
| Wrightstown Township | $1.0M | $765K | -28.6% |
Housing Supply in Northampton Township, PA
How many homes are available in Northampton Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 149 | 144 | -3.4% |
Summary: The Northampton Township real estate market had 144 homes for sale in May 2024, a 3.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 16 | 11 | -31.3% |
| 3 Bedrooms | 56 | 55 | -1.8% |
| 4 Bedrooms | 58 | 61 | +5.2% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Northampton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 31.3%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 30 | -33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northampton Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Northampton Township in May 2024, down by 33.3% month-over-month. Of the 30 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Northampton Township, PA
How long does it take to sell a home in Northampton Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 12 Days | -29.3% |
Summary: Homes in Northampton Township had an average of 12 days on market in May 2024, down by 29.3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northampton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 30 homes were sold in Northampton Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
