Perkasie PA homes for sale span a borough and two large townships, and The McKnight Team helps buyers and sellers work out which one sets their price. Perkasie Borough is a 2.54 square mile town of about 9,120 people on Pleasant Spring Creek. East Rockhill and Bedminster Townships carry a Perkasie address on roughly as many homes as the borough does. The figures on this page cover all three, because that is how buyers search.
What the Perkasie Numbers Mean
One hundred thirty nine homes closed in six months at a median of $499,900, seventy percent sold at or above asking, and the average sale closed at 102.1 percent of list. Sixty three percent went under contract within a week and only 18 percent took more than a month, the lowest share in the group.
The number that should stop you is on the supply side. There are 27 homes for sale and 30 under contract. More is spoken for than is available. Against 139 sales in six months, 27 active listings is roughly five weeks of inventory, and that is what produces a 102.1 percent sale to list ratio.
One more figure worth knowing before you read anything else on this page. The median asking price on what is currently listed is $789,000, against a closed median of $499,900. That is a $289,100 gap. The homes standing on the market are not the homes that have been selling.
Where Is Perkasie? County, Township, and ZIP
Perkasie is in Bucks County, in the 18944 ZIP code, north of Sellersville on the Pennridge side of the county. The name comes from a Lenape Unami phrase meaning one who goes to the place to crack nuts, which Dutch and Swedish settlers pronounced with an r that stuck. The town grew on silk mills, brickyards, lumber and cigars, going from 1,803 people in 1900 to 9,120 in 2020.
The 18944 ZIP spreads across three municipalities almost evenly. Forty seven of the 139 sales were in Perkasie Borough, 38 in East Rockhill Township and 38 in Bedminster Township, with 12 more in West Rockhill. They pay different municipal taxes and they sell into different price bands. Pennridge School District is the one thing they share.
What Is It Like to Live in Perkasie, PA?
The borough has a real downtown, and it looks the way it does because of a fire. The Great Perkasie Fire of 1988 destroyed a block of the center, and the rebuild brought decorative lighting, buried utilities, new sidewalks and street trees. The South Perkasie Covered Bridge is on the National Register, as is the Pearl S. Buck House at Green Hills Farm just over the line in Hilltown Township. The old Perkasie Tunnel still sits at the Ridge Road intersection.
East Rockhill and Bedminster are the opposite. Open land, larger lots, farmhouses and newer estate subdivisions, with a much higher price per house and a much longer driveway. A buyer touring the borough and Bedminster in one afternoon is touring two different products.
Neighborhoods in Perkasie, East Rockhill, and Bedminster
Perkasie Borough
Forty seven sales at a median of $446,087, the lowest of the three municipalities and the slowest at 8 days to contract against 4 in both townships. Walkable streets, older stock, smaller lots. This is the entry point into Pennridge for buyers who want a downtown, and it is where most of the attached product sits.
East Rockhill Township
The top of the Perkasie address. Thirty eight sales at a median of $660,000, $214,000 above the borough, moving in a median of 4 days at 102.4 percent of list. Larger detached homes on larger lots. If your home is in East Rockhill, the $499,900 town median is not your number.
Bedminster Township and Bedminster Hunt
Thirty eight sales at a median of $563,000. Bedminster Hunt is the single busiest named neighborhood on the whole Perkasie address, with 10 closed sales at a median of $519,950, all detached. When a neighborhood trades ten times in six months, a seller there has something most sellers in this county do not: a real comparable set rather than three loose guesses.
Regency at Hilltown, Pennland Farm, and Orchard Hill
Regency at Hilltown closed 4 at a median of $679,250, mostly end unit townhouses, and is the age restricted product on this address. Pennland Farm closed 3 detached at $720,000. Orchard Hill closed 5 interior townhouses at $450,000. Three neighborhoods, three products, a $269,250 spread, one ZIP code.
What Kinds of Homes Are for Sale in Perkasie?
Detached homes dominated with 88 of the 139 sales at a median of $616,600. Interior townhouses closed 22 at $447,994 and end of row units closed 17 at $420,000, which is the rare case of end units selling below interior ones and reflects where each product sits rather than any premium. Twins closed 11 at $395,000 and a single condominium closed at $265,000. The median home that sold had 1,960 square feet above grade.
Sixty one of the 139 sales carried a homeowners association. Only four were age restricted, which is low for upper Bucks and worth knowing if that is what you are shopping for.
New Construction in Perkasie
Keystone Custom Homes is building Enclave at Everleigh Woods on Three Mile Run Road, which county records place in East Rockhill Township. In neighboring Silverdale Borough, W.B. Homes is building the Mason Square townhomes. Sal Lapio Homes is building Green Ridge Estates West. Perry Mill and Green Ridge Estates both showed up in the closed sales this period as builder communities.
Eleven of the 139 homes that closed were new construction, about one in thirteen. Perkasie is a resale market with builder activity at the edges, not the other way around. For a seller, the practical read is that you are competing with other homeowners rather than with a sales office. Details on each community, including what is offered and what it costs, are in our new construction section.
If you are considering a builder home, talk to us before your first model home visit. Most builders require your agent to be registered on that first visit, and the sales office works for the builder, not for you.
Pennridge School District
Perkasie Borough, East Rockhill Township and Bedminster Township are all in the Pennridge School District, the same district that serves Sellersville and the Rockhill and Hilltown areas. All 139 sales in this window were inside it.
The district sets the school portion of the property tax bill, and that is the largest line on the bill for nearly every homeowner here. Which specific school a given address attends is assigned by the district and can change, so confirm it with the district directly rather than relying on a listing.
What Buyers Should Know Right Now
Twenty seven active listings is about five weeks of supply. There is not much to choose from, and what does appear goes fast. Sixty three percent of sales were under contract within a week. Being preapproved and being able to tour the day a listing goes live is not advice here, it is the requirement.
Watch the gap between what is listed and what has sold. Asking prices on the current inventory run a median of $789,000 against a closed median of $499,900. If your budget is in the $450,000 to $550,000 range, where most of the actual transactions happen, expect to see very little online and to compete hard for it. Set up alerts rather than browsing, and look at Perkasie Borough, where the median is $446,087 and where the attached product lives.
What Sellers Should Know Right Now
This is about as good as it gets. Seventy percent of sellers got asking or better, the average sale closed above list, the median home was under contract in five days and only 18 percent sat past a month. With 27 competing listings against 139 sales in six months, a correctly priced Perkasie home should not linger.
The trap is the same one the buyers are looking at. Asking prices on standing inventory are running far above what has actually closed, and if you price to the listings rather than the sales you become the one that sits. Price to the sold comparables in your municipality, and be clear about whether you are a borough home, an East Rockhill home or a Bedminster home, because those three medians are $214,000 apart.
Frequently Asked Questions About Perkasie PA Homes for Sale
How much do homes cost in Perkasie, PA?
The median sale price over the last six months was $499,900 across 139 closed sales. Perkasie Borough ran a median of $446,087, Bedminster Township $563,000 and East Rockhill Township $660,000. Detached homes across all three closed at a median of $616,600.
How fast do homes sell in Perkasie?
The median home went under contract in 5 days and the average was 22 days. Sixty three percent found a buyer within a week and seventy percent sold at or above the asking price.
Is Perkasie a borough or a township?
Perkasie is a borough of about 9,120 people covering 2.54 square miles. East Rockhill and Bedminster Townships border it and many homes in both use a Perkasie mailing address without being in the borough.
What school district serves Perkasie?
Pennridge School District serves Perkasie Borough, East Rockhill Township and Bedminster Township. All 139 sales in this window were in that one district.
Is there new construction in Perkasie?
Yes. Keystone Custom Homes and Sal Lapio Homes both have communities on a Perkasie address. Eleven of the last 139 closed sales were new construction, so this remains primarily a resale market.
Ready to Find Your Perkasie Home?
Perkasie is tight, fast and split three ways, with a $214,000 gap between the borough and East Rockhill on the same mailing address. Knowing which side of that line your home sits on is the difference between selling in five days and sitting for six weeks. We pull the right comparables, we explain them, and we tell you what we would do if it were ours.
Thinking About Buying or Selling in Perkasie?
Get a real number on the home you own, see everything for sale in Perkasie, or reach us right now. We work this market every week and we will tell you what we would do if it were ours.