Single-Family Homes
Fri Mar 29 2024
This week the median list price for Perkasie, PA is $968,750 with the market action index hovering around 54. This is an increase over last month's market action index of 50. Inventory has decreased to 10.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $968,750 | |
Median Price of New Listings | $709,900 | |
Per Square Foot | $274 | |
Average Days on Market | 575 | |
Median Days on Market | 172 | |
Price Decreased | 30% | |
Price Increased | 0% | |
Relisted | 10% | |
Inventory | 10 | |
Median Rent | ||
Market Action | 54 | |
Strong Seller's Market |
The market appears to be placing a mildly increasing premium on homes. When list prices and price per square foot increase in tandem, as they’re doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,725,000 | 4,092 | N/A | 5 | 3 | 118 | 0 | 0 | 2271 |
$1,497,500 | 5,254 | 5 - 10 acres | 5 | 4 | 19 | 0 | 0 | 238 |
$950,000 | 3,236 | 2.5 - 5 acres | 4 | 3 | 57 | 1 | 0 | 63 |
$499,900 | 2,768 | 6,500 - 8,000 sqft | 4 | 2.5 | 104 | 2 | 1 | 140 |