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

  • 6125 GREENHILL RD, NEW HOPE - Listed at $3,895,000, NEW HOPE, BUCKS County

    6125 GREENHILL RD
    NEW HOPE, PA 18938

    This magnificent country estate on a prime 8 acre property has been totally renovated and redesigned with the best of ev… read more.
    This magnificent country estate on a prime 8 acre property has been totally renovated and
    Kurfiss Sotheby’s International Realty-New Hope
    $3,895,000
  • 1300 CHINQUAPIN RD, SOUTHAMPTON - Listed at $1,099,900, SOUTHAMPTON, BUCKS County

    1300 CHINQUAPIN RD
    SOUTHAMPTON, PA 18966

    One of a Kind – Circa 1852 Colonial Farmhouse and Carriage House nestled on 12 plus acres in Beautiful Bucks County! Inc… read more.
    One of a Kind – Circa 1852 Colonial Farmhouse and Carriage House nestled on 12 plus acres
    RE/MAX Elite
    $1,099,900
  • 230 WINARD AVE, SELLERSVILLE - Listed at $399,900, SELLERSVILLE, BUCKS County

    230 WINARD AVE
    SELLERSVILLE, PA 18960

    This lovely property is all heart! Nestled in a peaceful, tree-lined neighborhood that is just minutes from town, this b… read more.
    This lovely property is all heart! Nestled in a peaceful, tree-lined neighborhood that is
    RE/MAX 440-Doylestown
    $399,900
  • 199 FOLLY RD, CHALFONT - Listed at $729,900, CHALFONT, BUCKS County

    199 FOLLY RD
    CHALFONT, PA 18914

    Beautiful Brick and cedar sided 5 Bedroom 2 full and 2 half bath custom built center hall colonial with detached stables… read more.
    Beautiful Brick and cedar sided 5 Bedroom 2 full and 2 half bath custom built center hall
    BHHS Fox & Roach-Newtown JL
    $729,900
  • 88 GLENIFFER HILL RD, RICHBORO - Listed at $579,900, RICHBORO, BUCKS County

    88 GLENIFFER HILL RD
    RICHBORO, PA 18954

    Rarely offered beauty in Northampton Estates. One of Richboro’s most sought after neighborhoods. Home features a grand t… read more.
    Rarely offered beauty in Northampton Estates. One of Richboro’s most sought after neighbor
    RE/MAX Elite
    $579,900
  • 182 S MAIN ST, NEW HOPE - Listed at $1,000,000, NEW HOPE, BUCKS County

    182 S MAIN ST
    NEW HOPE, PA 18938

    None… read more.
    None
    Addison Wolfe Real Estate
    $1,000,000
  • 58 WINTER RD, HOLLAND - Listed at $459,900, HOLLAND, BUCKS County

    58 WINTER RD
    HOLLAND, PA 18966

    Beautiful Colonial Award Winning Council Rock School District with over 3000 interior sq ft! Lovingly & Meticulously mai… read more.
    Beautiful Colonial Award Winning Council Rock School District with over 3000 interior sq f
    RE/MAX Centre Realtors
    $459,900
  • 15 HILLENDALE RD, PERKASIE - Listed at $449,000, PERKASIE, BUCKS County

    15 HILLENDALE RD
    PERKASIE, PA 18944

    Prepare to be impressed as you enter through the front door of this lovely home on a half acre lot that boasts an impres… read more.
    Prepare to be impressed as you enter through the front door of this lovely home on a half
    Coldwell Banker Hearthside-Doylestown
    $449,000
  • 3825 COMLEY CIR, DOYLESTOWN - Listed at $670,000, DOYLESTOWN, BUCKS County

    3825 COMLEY CIR
    DOYLESTOWN, PA 18902

    Buckingham Beauty sitting at the end of a cul-de-sac in the desirable Buckingham Chase Neighborhood, on over 1.4 acres w… read more.
    Buckingham Beauty sitting at the end of a cul-de-sac in the desirable Buckingham Chase Nei
    Century 21 Advantage Gold-Southampton
    $670,000
  • 116 DELWHIT DR, FEASTERVILLE TREVOSE - Listed at $359,900, FEASTERVILLE TREVOSE, BUCKS County

    116 DELWHIT DR
    FEASTERVILLE TREVOSE, PA 19053

    Welcome to 116 Delwhit Drive in Feasterville. This lovely split level home boosts 4 bedrooms with 2 full baths. Enter t… read more.
    Welcome to 116 Delwhit Drive in Feasterville. This lovely split level home boosts 4 bedro
    Homestarr Realty
    $359,900
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See recent properties just listed in Bucks County.

See all homes for sale in Bucks County.


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