The red-hot housing market in Bucks County showed signs of cooling in November, as home prices slipped below the previous month’s median of $515,000, writes USA TODAY Network for the Bucks County Courier Times.
Realtor.com’s latest data indicates that the median home price in November was $475,000, which was a 7.8 percent drop from October and a five percent decline from November 2024. At that time the median stood at $500,000.
The median selling price for single-family homes went down from $560,000 in October to $515,000 in November, an eight percent decline. Compared with November 2024, the price was 3.7 percent lower than the previous year’s median of $535,000.
During the month, 33 homes sold for $1 million or more, up from 25 in November 2024.
Condominiums and townhomes saw a 3.1 percent decline in median sales price over the same period, falling to $435,000 from $449,000 in October. Year over year, the median price increased 1.8 percent from $427,500.
In November, seven condominiums or townhomes sold for $1 million or more, up from four in November 2024.
Read more about the Bucks County housing market and how home prices were dropping in November in the Bucks County Courier Times.
_______
