Is Falls 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, Falls Township was a Seller's Market.
Housing Prices in Falls Township, PA
How much do homes in Falls Township, PA cost?
Median Sold Price
$395,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Falls Township was $395,000 in May 2024, up 8.2% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $302.4K | $305K | +0.8% |
3 Bedrooms | $355K | $369K | +3.9% |
4 Bedrooms | $379.9K | $427.5K | +12.5% |
5+ Bedrooms | $505K | $455K | -9.9% |
Summary: Falls 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 0.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 9.9%.
Median Sold Price Compared To Nearby Cities
Trenton | $243.7K | $310K | +27.2% |
Morrisville | $325K | $360K | +10.8% |
Falls Township | $365K | $395K | +8.2% |
Bristol Township | $317.9K | $334.4K | +5.2% |
Housing Supply in Falls Township, PA
How many homes are available in Falls Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 59 | +20.4% |
Summary: The Falls Township real estate market had 59 homes for sale in May 2024, a 20.4% 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 | 1 | 3 | +200.0% |
3 Bedrooms | 26 | 34 | +30.8% |
4 Bedrooms | 19 | 19 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Falls 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 200%, 3 bedroom homes increased by 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 8 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Falls Township in May 2024, down by 50.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Falls Township, PA
How long does it take to sell a home in Falls Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 13 Days | -42.0% |
Summary: Homes in Falls Township had an average of 13 days on market in May 2024, down by 42% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Falls Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.