Is Solebury 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, Solebury Township was a Seller's Market.
Key Takeaway
Solebury Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Solebury Township, PA
How much do homes in Solebury Township, PA cost?
Median Sold Price
$847,700
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Solebury Township have sold for 22.4% more than they did a year ago.
Summary: The median home sold price in Solebury Township was $847,700 in May 2024, up 22.4% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $310.2K | +1.7% |
| 2 Bedrooms | $525K | $635K | +21.0% |
| 3 Bedrooms | $605K | $613.6K | +1.4% |
| 4 Bedrooms | $809K | $950K | +17.4% |
| 5+ Bedrooms | $1.7M | $1.6M | -9.3% |
Summary: Solebury Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Solebury Township | $692.4K | $847.7K | +22.4% |
| Stockton | $507.5K | $582.5K | +14.8% |
| New Hope | $785.5K | $860K | +9.5% |
| Lambertville | $542.5K | $567.5K | +4.6% |
Housing Supply in Solebury Township, PA
How many homes are available in Solebury Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 55 | +22.2% |
Summary: The Solebury Township real estate market had 55 homes for sale in May 2024, a 22.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 8 | 14 | +75.0% |
Summary: The Solebury Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Solebury Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Solebury Township in May 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Solebury Township, PA
How long does it take to sell a home in Solebury Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 11 Days | -58.3% |
Summary: Homes in Solebury Township had an average of 11 days on market in May 2024, down by 58.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Solebury Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Solebury Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
