CENTURY21 Advantage Gold Market Report

Chalfont, PA 18914

Single-Family Homes

CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701


Chalfont, PA 18914

Mon Nov 25 2024
This week the median list price for Chalfont, PA 18914 is $939,000 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has decreased to 19. Click here to stay informed with the Chalfont market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Chalfont, PA 18914

Mon Nov 25 2024
This week the median list price for Chalfont, PA 18914 is $939,000 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has decreased to 19. Click here to stay informed with the Chalfont market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Chalfont market.
Median List Price $939,000
Median Price of New Listings $787,450
Per Square Foot $273
Average Days on Market 109
Median Days on Market 133
Price Decreased 26%
Price Increased 5%
Relisted 5%
Inventory 19
Median Rent
Market Action 41
Slight Seller's Advantage

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,432,495 5,061 1 - 2.5 acres 4 4.5 0 0 0 133
$1,079,990 3,391 1 - 2.5 acres 4 2.5 0 0 0 133
$849,900 3,500 0.5 - 1 acre 5 3.5 27 2 0 49
$709,900 2,298 0.5 - 1 acre 4 2.5 53 0 1 70