Bucks County Housing Market Information - March 2019
Bucks County Houses Sold
There was a decrease in total units sold in April, with 554 sold this month in Bucks County Real Estate versus 560 last month, a decrease of 1%.
This month's total units sold was lower than at this time last year, a decrease of 8% versus April 2018.
Bucks County Houses on the Market
Versus last year, the total number of homes available this month is lower by 388 units or 19%.
The total number of active inventory this April was 1,693 compared to 2,081 in April 2018.
This month's total of 1,693 is higher than the previous month's total supply of available inventory of 1,637, an increase of 3%.
Bucks County Median Sales Price
Last April, the median sale price for Bucks County Homes was $296,812. This April, the median sale price was $302,000, an increase of 2% or $5,188 compared to last year. The current median sold price is 4% lower than in March.
(Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.)
Bucks County New Listings and Current Contracts
This month there were 1,138 homes newly listed for sale in Bucks County compared to 1,209 in April 2018, a decrease of 6%.
There were 851 current contracts pending sale this April compared to 858 a year ago.
The number of current contracts is 1% lower than last April.
Bucks County Sale Price to List Price Ratio
In April, the average sale price in Bucks County was 98.4% of the average list price, which is 1.0% higher than at this time last year.
Bucks County Days on the Market
This month, the average number of days on market was 65, higher than the average last year, which was 54, an increase of 20%.