Median home price for sale in Levittown area drops to $569,750
A typical Bucks County home fetched $569,750 in October, down 0.1% from $570,225 the previous month, according to an analysis of Realtor.com data.
The median home price in October was up about 12.8% from October 2021. The median home in Bucks County was 2,266 square feet with a list price of $248 per square foot.
The Bucks County market was busy, with a median of 46 days on market. A month earlier, homes had a median of 48 days on the market. The market added 544 new home listings in October, compared to 728 in October 2021. The market ended the month with some 713 home listings for sale.
High interest rates make mortgage payments more expensive. With current mortgage rates and a 20% drop, the mortgage payment on the median Bucks County home would cost $3,057 per month, not including insurance, closing costs, homeowners association dues or other costs, according to an analysis by the USA TODAY Network. A month earlier, the median home loan would have cost $2,944. A year earlier, the median home loan would have cost $1,734.
Median home prices published by Realtor.com can exclude many, if not most, homes from a market. Price and volume only represent homes that are single family homes, condominiums or townhouses. They include existing homes, but exclude most new construction as well as current and potential sales.
Information about your local housing market is available through the USA TODAY Network, with more data from Realtor.com.
Montgomery County home prices rise 1.3% to $505,055
Montgomery County home prices rose 1.3%, to a median value of $505,055, from the previous month. The typical home was on the market for 45 days, down from 49 days a month earlier. The typical 2,272 square foot home had a list price of $227 per square foot.
In metro Philadelphia, median home prices were $335,000, the same as the previous month. The median home was 1,596 square feet, with a list price of $205 per square foot.
Across Pennsylvania, median home prices were $280,000, down 0.1% from the previous month. The median house for sale in Pennsylvania had 1,708 square feet at a list price of $169 per square foot.
In the United States, median home prices were $425,000, down 0.5% from the previous month. The median US home for sale was 1,876 square feet, listed at $218 per square foot.
The median list house price – the midpoint of all houses or units listed over a given time period – is used more often in this report instead of the average list house price because experts say the median provides a more accurate view. of what is happening in a market. To find the average price, all listed home prices are added together and then divided by the number of homes sold. This measure can be distorted by a low or high price.
The USA TODAY Network publishes localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database. The story was written by Mike Stucka and Sean Lahman.