Built between 1951-1957, Levittown covers 22 square miles and over 5,500 acres in lower Bucks County and was ranked #41 in Money magazine’s Best Places to Live 2016. Below is a short video highlighting the current real estate conditions and activity in Levittown, PA.
Welcome to August’s market update. Let’s take a look at residential real estate activity in Levittown during the month of July.
The number of active listings was down 12% from one year earlier and up 7% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see the median listing price for the month was just over $240,000. Compared to last year the average number of days that units spent on the market before being sold was down 17%. This lower number of days may signal a positive trend in the local inventory turnover rate. The median sale price was just over $230,000. The number of units sold decreased 16% year-over-year, and decreased 17% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms.
We hope you use this information to make smart, informed decisions in your upcoming real estate transaction. Feel free to contact me for more information or further assistance.