Is East Coventry Township, 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, East Coventry Township was a Seller's Market.
Key Takeaway
East Coventry Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Coventry Township, PA
How much do homes in East Coventry Township, PA cost?
Median Sold Price
$400,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Coventry Township have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in East Coventry Township was $400,000 in May 2024, up 7.4% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $275.5K | -11.1% |
| 3 Bedrooms | $355K | $392.5K | +10.6% |
| 4 Bedrooms | $600K | $400K | -33.3% |
| 5+ Bedrooms | $480K | $740K | +54.2% |
Summary: East Coventry 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 decreased by 11.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 54.2%.
Median Sold Price Compared To Nearby Cities
| Pottstown | $271.6K | $310K | +14.1% |
| North Coventry Township | $385K | $436K | +13.2% |
| East Coventry Township | $372.5K | $400K | +7.4% |
| Lower Pottsgrove Township | $350K | $342.5K | -2.1% |
| East Vincent Township | $520K | $502K | -3.5% |
Housing Supply in East Coventry Township, PA
How many homes are available in East Coventry Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Summary: The East Coventry Township real estate market had 24 homes for sale in May 2024, a 33.3% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The East Coventry 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Coventry Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in East Coventry Township in May 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for East Coventry Township, PA
How long does it take to sell a home in East Coventry Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 2 Days | -83.3% |
Summary: Homes in East Coventry Township had an average of 2 days on market in May 2024, down by 83.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Coventry Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in East Coventry Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
