Is Conshohocken, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Conshohocken was a Seller's Market.
Key Takeaway
Conshohocken is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Conshohocken, PA
How much do homes in Conshohocken, PA cost?
Median Sold Price
$456,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Conshohocken have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Conshohocken was $456,000 in May 2024, up 2.2% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $225K | +4.7% |
| 2 Bedrooms | $325K | $360K | +10.8% |
| 3 Bedrooms | $455K | $490K | +7.7% |
| 4 Bedrooms | $634.9K | $605K | -4.7% |
| 5+ Bedrooms | $437.5K | $540.5K | +23.5% |
Summary: Conshohocken housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Cities
| Whitemarsh Township | $525K | $590K | +12.4% |
| Lower Merion Township | $708.7K | $773.3K | +9.1% |
| Plymouth Township | $483.2K | $500K | +3.5% |
| Conshohocken | $446K | $456K | +2.2% |
Housing Supply in Conshohocken, PA
How many homes are available in Conshohocken, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 69 | +15.0% |
Summary: The Conshohocken real estate market had 69 homes for sale in May 2024, a 15.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 12 | 8 | -33.3% |
| 3 Bedrooms | 31 | 36 | +16.1% |
| 4 Bedrooms | 12 | 20 | +66.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Conshohocken housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 9 | -60.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conshohocken, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Conshohocken in May 2024, down by 60.9% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Conshohocken, PA
How long does it take to sell a home in Conshohocken, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 18 Days | +16.7% |
Summary: Homes in Conshohocken had an average of 18 days on market in May 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Conshohocken are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Conshohocken; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
