CENTURY21 Advantage Gold Market Report
Chalfont, PA 18914
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
Chalfont, PA 18914
Thu Apr 18 2024
This week the median list price for Chalfont, PA 18914 is $1,019,990 with the market action index hovering around 47. This is less than last month's market action index of 50. Inventory has increased to 15.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $1,019,990 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $317 | |
| Average Days on Market | 48 | |
| Median Days on Market | 63 | |
| Price Decreased | 27% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 15 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently 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.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,599,900 | 4,907 | 1 - 2.5 acres | 4 | 4 | 16 | 0 | 0 | 70 |
| $1,084,990 | 3,424 | 8,000 - 10,000 sqft | 4 | 3.5 | 0 | 0 | 0 | 63 |
| $964,995 | 3,016 | 2.5 - 5 acres | 4 | 3 | 99 | 0 | 0 | 63 |
| $624,900 | 2,635 | 0.5 - 1 acre | 3 | 2.3 | 75 | 0 | 1 | 17 |