Is East Cocalico Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, East Cocalico Township has remained a Seller's Market.
Key Takeaway
East Cocalico Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Cocalico Township, PA
How much do homes in East Cocalico Township, PA cost?
Median Sold Price
$319,650
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Cocalico Township have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in East Cocalico Township was $319,650 in May 2024, up 11.2% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $217.8K | $285K | +30.8% |
| 3 Bedrooms | $277.5K | $310K | +11.7% |
| 4 Bedrooms | $437K | $406K | -7.1% |
| 5+ Bedrooms | $500K | $418.5K | -16.3% |
Summary: East Cocalico Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 11.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 16.3%.
Median Sold Price Compared To Nearby Cities
| Denver | $280K | $312K | +11.4% |
| East Cocalico Township | $287.5K | $319.6K | +11.2% |
| Stevens | $295K | $325K | +10.2% |
| Ephrata Township | $292.4K | $320K | +9.4% |
Housing Supply in East Cocalico Township, PA
How many homes are available in East Cocalico Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 22 | -15.4% |
Summary: The East Cocalico Township real estate market had 22 homes for sale in May 2024, a 15.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 17 | 11 | -35.3% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East Cocalico Township 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 increased by 100%, 3 bedroom homes decreased by 35.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Cocalico Township, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in East Cocalico Township in May 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for East Cocalico Township, PA
How long does it take to sell a home in East Cocalico Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 23 Days | +139.3% |
Summary: Homes in East Cocalico Township had an average of 23 days on market in May 2024, up by 139.3% compared to last year.
Breakdown of Home Sale Times
3 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 East Cocalico Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in East Cocalico Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
