Real Estate Market Trends

Fall 2017 Bucks County Real Estate Market Trends

In November 2017, the Fall 2017 Bucks County Real Estate Market Trends show that sales in Bucks County were up 2.6% in November 2017 vs November 2016. While some view sales as strong, there were also two other main driving forces at work in the local bucks county real estate market.
  • Bucks County Sales: UP 2.6% in November 2017 vs November 2016
  • Bucks County Home Prices: DOWN 0.3% from last November.
  • Bucks County Home Inventory: DOWN by 7.0% during the month
For the year, inventory of homes for sale in Bucks County is 13.4% below last year.

Real Estate Market TrendsFall 2017 Bucks County Real Estate Market Trends

Bucks County Residential Sales activity

Bucks County Inventory For Sale:

Total Inventory
Nov. 2017: 2,389
Nov. 2016: 2,759

Inventory Accumulation

Nov. 2017: 3.5
Nov. 2016: 4.2

The inventory of homes for sale decreased by 7.0% in Bucks County during November and is down 13.4% (370 listings) compared to last year. That one statistic alone is driving up sales because the limited inventory is causing those in the market to chose a property based on what is currently available.  The Months Supply of Bucks County Inventory dropped to 3.5 months, while the number of new listings in November was down 10% (63 listings) compared to last November. So if you’re looking for a new home for sale in Bucks, you found fewer homes to chose from and therefore to purchase the end of 2017.

Settled Listings

November Settled Listings
Nov. 2017: 569
Nov. 2016: 653
Year-to-date Settled Listings
Nov. 2017: 7,471
Nov. 2016: 7,281

Sales in November were down 12.9% compared to last November but are up 2.6% year-to-date. The Property Marketing Period decreased from 42 days in November 2016 to 27 days.

Median Price

November Median Price
Nov. 2017: $292,000
Nov. 2016: $293,000
Year-to-date Median Price
Nov. 2017: $299,000
Nov. 2016: $283,300

The median sold price in November was down 0.3% ($1,000) from last November but is up 5.5% year-to-date, a $15,700 increase per sale.

Settled Price / Original Price

November Settled Price / Original Price
Nov. 2017: 97.0%
Nov. 2016: 96.3%
Year-to-date Settled Price / Original Price
Nov. 2017: 97.2%
Nov. 2016: 96.6%

The sold price compared to the original list price in November was 97.0%, slightly above the normal range of 94-96%. The Sold Price to List Price ratio was at 98.5% compared to 97.9% last November.

Average Showing Appointments Per Listing by Price Range

During the Fall 2017, all showings in the Delaware Valley Real Estate Market were 2.2 showings per listing for properties for sale during the fall.
All Listings:2.2
$0k – $99k: 11.2
$100k – $199k: 2.5
$200k – $299k: 2.8
$300k – $499k: 2.3
$500k +: 1.1

Note: There were some showing reservation issues with the MLS during November however all appointments in November were down from the previous year and month.

Compare Fall 2017 Bucks County Real Estate Sales against the Fall 2017 Delaware Valley Real Estate Market.


RECENT LISTINGS IN BUCKS COUNTY

  • 983 SCARLET OAK DR, CHALFONT - Listed at $434,900, CHALFONT, BUCKS County

    983 SCARLET OAK DR
    CHALFONT, PA 18914

    Beautiful 3 bedroom, 2.5 bath colonial in the highly desirable Prescott Farms section of Warrington Township. Enter to … read more.
    Beautiful 3 bedroom, 2.5 bath colonial in the highly desirable Prescott Farms section of W
    Homestarr Realty
    $434,900
  • 3 SHAKESPEARE CT, WARMINSTER - Listed at $800,000, WARMINSTER, BUCKS County

    3 SHAKESPEARE CT
    WARMINSTER, PA 18974

    Classic colonial meets refined elegance. At last, a home befitting your fine taste. From the stunning stone front and gl… read more.
    Classic colonial meets refined elegance. At last, a home befitting your fine taste. From t
    BHHS Fox & Roach-Newtown
    $800,000
  • 00 BIRCH RD, UPPER BLACK EDDY - Listed at $559,000, UPPER BLACK EDDY, BUCKS County

    00 BIRCH RD
    UPPER BLACK EDDY, PA 18972

    Get away from it all on this secluded 28 acre lot well back off a paved road with beautiful hardwood trees and boulders.… read more.
    Get away from it all on this secluded 28 acre lot well back off a paved road with beautifu
    Keller Williams Real Estate-Montgomeryville
    $559,000
  • 765 STEPHEN RD, WARMINSTER - Listed at $382,500, WARMINSTER, BUCKS County

    765 STEPHEN RD
    WARMINSTER, PA 18974

    Quiet Neighborhood! Great Location! Welcome to 765 Stephen Rd. This 4 bedroom, 2.5 bathroom colonial home is 2000 square… read more.
    Quiet Neighborhood! Great Location! Welcome to 765 Stephen Rd. This 4 bedroom, 2.5 bathroo
    Keller Williams Real Estate – Newtown
    $382,500
  • 4267 YORK DR, DOYLESTOWN - Listed at $459,900, DOYLESTOWN, BUCKS County

    4267 YORK DR
    DOYLESTOWN, PA 18902

    BeAuTiFuL Stone Ranch-style home surround by an acre on a quiet Cul-de-sac street in Prime Central Bucks School District… read more.
    BeAuTiFuL Stone Ranch-style home surround by an acre on a quiet Cul-de-sac street in Prime
    RE/MAX Centre Realtors
    $459,900
  • 2393 S WHITTMORE ST, FURLONG - Listed at $372,000, FURLONG, BUCKS County

    2393 S WHITTMORE ST
    FURLONG, PA 18925

    The Villages at Buckingham! 3 Bedroom, 2.5 Bath Home Includes: Beautiful Layout, 9′ Ceilings in first Floor; Granite Kit… read more.
    The Villages at Buckingham! 3 Bedroom, 2.5 Bath Home Includes: Beautiful Layout, 9′ Ceilin
    Sell Your Home Services
    $372,000
  • 40 CHRISTINA CT, YARDLEY - Listed at $500,000, YARDLEY, BUCKS County

    40 CHRISTINA CT
    YARDLEY, PA 19067

    Tucked away in a cul-de-sac, this well maintained rare home offers 4 bedrooms and 2.5 bathrooms on over a one acre lot s… read more.
    Tucked away in a cul-de-sac, this well maintained rare home offers 4 bedrooms and 2.5 bath
    BHHS Fox & Roach-Newtown
    $500,000
  • 595 LINTON HILL RD, NEWTOWN - Listed at $1,295,000, NEWTOWN, BUCKS County

    595 LINTON HILL RD
    NEWTOWN, PA 18940

    If you are seeking a home close to all the action and liveliness but still value your privacy, then Hidden Acres is the … read more.
    If you are seeking a home close to all the action and liveliness but still value your priv
    Jay Spaziano Real Estate
    $1,295,000
  • 2410 DIANES WAY, WARRINGTON - Listed at $524,900, WARRINGTON, BUCKS County

    2410 DIANES WAY
    WARRINGTON, PA 18976

    Positively Gorgeous Decorator Designed Home (largest in development with additional basement space and first floor morni… read more.
    Positively Gorgeous Decorator Designed Home (largest in development with additional baseme
    RE/MAX Action Realty-Horsham
    $524,900
  • 841 MINSI TRL, PERKASIE - Listed at $725,000, PERKASIE, BUCKS County

    841 MINSI TRL
    PERKASIE, PA 18944

    Welcome to this well constructed builder’s own home. As you enter the front door you are greeted by the Belgium Block wa… read more.
    Welcome to this well constructed builder’s own home. As you enter the front door you are g
    RE/MAX Action Realty-Horsham
    $725,000
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See recent properties just listed in Bucks County.

See all homes for sale in Bucks County.


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