Q1 Real Estate Market Update for Montgomery & Bucks County
Q1 Real Estate Market Update for Montgomery & Bucks County
Posted April 19, 2025
By Samantha Kelley
As the spring season picks up, many buyers and sellers are asking the same question: What’s happening in the real estate market right now—and what does it mean for me?
At Sanford Alderfer Real Estate, we’ve been tracking market activity across Montgomery County and Bucks County, PA, and the first quarter of 2025 delivered key insights for anyone considering buying or selling this year.
Here’s our Q1 breakdown—and what it could mean for your next move.
Low Inventory Continues to Drive Competition
Across both counties, we’ve seen a continued lack of available homes for sale, especially in sought-after areas like Doylestown, Souderton, Harleysville, Lansdale, and Chalfont. This limited inventory has kept prices strong and time-on-market short—particularly for homes that are well-prepared and correctly priced.
In Montgomery County, median sale prices rose approximately 4.2% year-over-year in Q1, with homes selling in an average of 21 days.
In Bucks County, the average time on market dipped to just 19 days, and sale prices held steady, with slight increases in several school district-driven neighborhoods.
Spring Sellers Have the Advantage
If you’re thinking about selling, now is an ideal time to list. Buyer demand is high, especially for move-in-ready homes, and many properties are receiving multiple offers within days of hitting the market.
Sellers who prepare their homes thoughtfully—both inside and out—are more likely to attract strong, motivated buyers early.
Buyers Are Serious—and Savvy
Despite interest rates holding steady, buyers are not slowing down. Instead, they’re getting smarter. Many are coming in with pre-approvals, larger down payments, and a clear understanding of market conditions.
Homes priced right are moving fast. Homes priced too high are sitting longer and requiring price adjustments—something we haven’t seen as much over the past few years.
New Construction vs. Resale
New construction is playing a larger role in Bucks and Montgomery Counties, particularly in townships like New Britain, Upper Gwynedd, and Hilltown, where developers are meeting demand with modern, energy-efficient options.
Still, resale homes with charm, updates, and thoughtful staging are holding their value—and often selling just as fast.
Looking Ahead: What Q2 Might Bring
With buyer activity increasing, we anticipate:
Continued upward pressure on prices in select areas
Sustained competition for well-located homes under $600,000
More first-time buyers entering the market
Longer-distance moves as remote and hybrid work reshapes buyer priorities
Final Thoughts
If you’re a seller, this is the moment to start the conversation. Inventory is tight, buyers are ready, and properly positioned homes are commanding attention. If you’re a buyer, preparation and strategy are key—we can help you understand where the opportunities lie.
At Sanford Alderfer, we don’t just watch the market—we help you move with it.
