The Bucks County housing market showed steady price growth and increased activity in September. Falling mortgage rates brought out both buyers and sellers, as the market is starting to find balance after several years of rapid change.
According to data from the Bucks County Association of REALTORS® (BCAR), the median sold price for residential properties in September was $510,000. That’s a seasonal decline from August, but still 6.3% higher than September of last year.
Homes sold in September spent an average of 30 days on the market, which is longer than usual for this time of year. The five-year September average is 21 days, meaning properties are taking about nine days longer to sell.
At the same time, buyer activity remained strong. There were 587 new pending contracts, a 3.5% increase from August, and total pending sales (including carryovers) rose 1% month over month to 799. The number of active listings also increased, with 880 homes for sale, up 8.1% from the previous month.
These trends led to a Contract Ratio of 0.91 pending sales per active listing, down slightly from 0.97 in August and from 1.00 in September 2024. The Contract Ratio, which compares buyer demand to housing supply, is 25% lower than the five-year average of 1.22, signaling a market that’s moving toward more equal footing between buyers and sellers.
“We’re seeing the market level out after several years that heavily favored sellers,” said Frank Blumenthal, President of the Bucks County Association of REALTORS®. “Prices remain strong, but buyers now have more options and a little more time to make decisions. It’s a sign of a healthy, stabilizing market.”
For buyers, the increase in available homes offers more opportunities to find the right property. For sellers, the key will be setting competitive prices as the market becomes more balanced.
Despite the seasonal slowdown, Bucks County continues to show stability, with home values holding firm and steady demand from buyers drawn to the area’s strong communities and quality of life.