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| Focus On: Bucks County Housing Market | March 2021 | ||
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| Units Sold 537 |
Active Inventory 473 |
Median Sale Price $380,000 |
Days On Market 22 |
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| Down -8% Vs. Year Ago |
Down -62% Vs. Year Ago |
Up 12% Vs. Year Ago |
Down -57% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 537 sold this month in Bucks County Real Estate. This month's total units sold was lower than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 771 units or 62%. The total number of active inventory this March was 473 compared to 1,244 in March 2020. This month's total of 473 is lower than the previous month's total supply of available inventory of 536, a decrease of 12%. |
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Median Sale Price
Last March, the median sale price for Bucks County Homes was $338,500. This March, the median sale price was $380,000, an increase of 12% or $41,500 compared to last year. The current median sold price is 5% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 821 |
Current Contracts 791 |
Sold Vs. List Price 100.0% |
Months of Supply 0.9 |
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| Up 6% Vs. Year Ago |
Up 46% Vs. Year Ago |
Up 2.1% Vs. Year Ago |
Down -59% Vs. Year Ago |
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Months of Supply
In March, there was 0.9 months of supply available in Bucks County, compared to 2.1 in March 2020. That is a decrease of 59% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 821 homes newly listed for sale in Bucks County compared to 773 in March 2020, an increase of 6%. There were 791 current contracts pending sale this March compared to 542 a year ago. The number of current contracts is 46% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Bucks County was 100.0% of the average list price, which is 2.0% higher than at this time last year. Days on Market
This month, the average number of days on market was 22, lower than the average last year, which was 51, a decrease of 57%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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