Market Review

A part of my job is keeping up-to-date with the latest changes in market trends. Below is a summary of what’s happening locally in Pennsylvania and New Jersey. I update this data quarterly. If you need more in-depth information regarding school ratings and performance, contact me and I will email you my free School Information Reports. If you are moving to the area please reach out to me and I’ll be happy to welcome you to the area, show you around, and help you pick your dream home!

Data updated June 2018

Bucks County

  New Listings % Change 
New Listings
Homes Sold Avg. Price % Change 
Avg. Price
Median Price Days on Market
May 2018 230 79.74% 68 $461,103 35.54% $303,850 57
May 2017 1135     804 $340,195     $293,900 53
Year-To-Date 2018 3790 25.63% 1909 $346,262 3.61% $292,000 58
Year-To-Date 2017 5096     2857 $334,197     $287,666 64

Montgomery County

  New Listings % Change 
New Listings
Homes Sold Avg. Price % Change 
Avg. Price
Median Price Days on Market
May 2018 307 82.24% 110 $356,794 7.25% $299,750 48
May 2017 1729     1111 $332,675     $283,000 52
Year-To-Date 2018 5244 26.66% 2730 $320,342 0.18% $275,000 56
Year-To-Date 2017 7150     3955 $319,781     $265,000 63

Burlington County

  New Listings % Change 
New Listings
Homes Sold Avg. Price % Change 
Avg. Price
Median Price Days on Market
May 2018 181 83.91% 68 $232,615 0.83% $217,400 59
May 2017 1125     655 $230,694     $190,000 67
Year-To-Date 2018 3853 22.83% 2097 $217,535 0.62% $189,000 65
Year-To-Date 2017 4993     2513 $216,193     $181,000 78

Mercer County

  New Listings % Change 
New Listings
Homes Sold Avg. Price % Change 
Avg. Price
Median Price Days on Market
May 2018 110 83.15% 40 $368,170 11.78% $284,000 57
May 2017 653     362 $329,370     $250,250 59
Year-To-Date 2018 2247 22.33% 1084 $284,166 5.40% $218,000 64
Year-To-Date 2017 2893     1520 $300,394     $222,250 76