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

  • 577 LIMEKILN RD, DOYLESTOWN - Listed at $614,000, DOYLESTOWN, BUCKS County

    577 LIMEKILN RD
    DOYLESTOWN, PA 18901

    BEAUTIFUL UNIQUE HOME WITH HOME BASED BUSINESS OFFICE IN DOYLESTOWN – Expanded 4 Bedroom 2.5 Bath Colonial home located … read more.
    BEAUTIFUL UNIQUE HOME WITH HOME BASED BUSINESS OFFICE IN DOYLESTOWN – Expanded 4 Bedroom 2
    Homestarr Realty
    $614,000
  • 4034 TRAILS WAY E, DOYLESTOWN - Listed at $625,000, DOYLESTOWN, BUCKS County

    4034 TRAILS WAY E
    DOYLESTOWN, PA 18901

    Sophisticated and spacious Chesterfield Colonial situated within the sought-after Ridings of Buckingham Community locate… read more.
    Sophisticated and spacious Chesterfield Colonial situated within the sought-after Ridings
    Keller Williams Real Estate-Doylestown
    $625,000
  • 825 BRECKINRIDGE CT #102, NEW HOPE - Listed at $405,000, NEW HOPE, BUCKS County

    825 BRECKINRIDGE CT #102
    NEW HOPE, PA 18938

    Fabulous Solebury Townhouse.This gorgeous updated Wilshire Hunt property is a turn key gem. Walk through into a opened f… read more.
    Fabulous Solebury Townhouse.This gorgeous updated Wilshire Hunt property is a turn key gem
    Addison Wolfe Real Estate
    $405,000
  • 27 CHARTER OAK CT #205, BUCKINGHAM - Listed at $395,000, BUCKINGHAM, BUCKS County

    27 CHARTER OAK CT #205
    BUCKINGHAM, PA 18901

    Welcome to the upscale Community of Doylestown Station. The builder, Pulte Homes is known for their superior floorplans … read more.
    Welcome to the upscale Community of Doylestown Station. The builder, Pulte Homes is known
    Addison Wolfe Real Estate
    $395,000
  • 620 MILL RD, TREVOSE - Listed at $459,900, TREVOSE, BUCKS County

    620 MILL RD
    TREVOSE, PA 19053

    Well cared for Lower Southampton Twp 5 bedroom single located in the Neshaminy school district is awaiting a new home ow… read more.
    Well cared for Lower Southampton Twp 5 bedroom single located in the Neshaminy school dist
    Keller Williams Real Estate Tri-County
    $459,900
  • 1621 CHINQUAPIN RD, HOLLAND - Listed at $439,900, HOLLAND, BUCKS County

    1621 CHINQUAPIN RD
    HOLLAND, PA 18966

    Your own piece of paradise awaits you! Only minutes away from main roads, this one-of-a-kind house offers a green sanctu… read more.
    Your own piece of paradise awaits you! Only minutes away from main roads, this one-of-a-ki
    CB Hearthside-Regional Sales Center
    $439,900
  • 721 MARTHA LN, WARMINSTER - Listed at $385,000, WARMINSTER, BUCKS County

    721 MARTHA LN
    WARMINSTER, PA 18974

    Welcome Home to this beautiful updated bi-level home located right behind the McDonald Elementary School and a short wa… read more.
    Welcome Home to this beautiful updated bi-level home located right behind the McDonald El
    Century 21 Cornerstone Realtors
    $385,000
  • 2794 BELLOWS PL, DOYLESTOWN - Listed at $399,999, DOYLESTOWN, BUCKS County

    2794 BELLOWS PL
    DOYLESTOWN, PA 18902

    Move-in ready! This beautifully maintained home awaits! 2794 Bellows Place located in Buckingham Township offers 4 bedro… read more.
    Move-in ready! This beautifully maintained home awaits! 2794 Bellows Place located in Buck
    Keller Williams Real Estate – Newtown
    $399,999
  • 1248 QUARRY COMMONS DR, YARDLEY - Listed at $595,000, YARDLEY, BUCKS County

    1248 QUARRY COMMONS DR
    YARDLEY, PA 19067

    WOW! A MUST SEE!! This 4 bed 4.5 bath Colonial just underwent major renovations throughout the entire home and the exter… read more.
    WOW! A MUST SEE!! This 4 bed 4.5 bath Colonial just underwent major renovations throughout
    Homestarr Realty
    $595,000
  • 408 BROOKSIDE DR, PERKASIE - Listed at $464,500, PERKASIE, BUCKS County

    408 BROOKSIDE DR
    PERKASIE, PA 18944

    Beautifully maintained and updated just outside downtown Perkasie Borough, this 5 bedroom home has been expanded and imp… read more.
    Beautifully maintained and updated just outside downtown Perkasie Borough, this 5 bedroom
    BHHS Fox & Roach-New Hope
    $464,500
<>

See recent properties just listed in Bucks County.

See all homes for sale in Bucks County.


0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *