Is Forks 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, Forks Township has remained a Seller's Market.
Housing Prices in Forks Township, PA
How much do homes in Forks Township, PA cost?
Median Sold Price
$434,200
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Forks Township was $434,200 in May 2024, up 9.8% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $199K | $155K | -22.1% |
2 Bedrooms | $246.2K | $254.9K | +3.5% |
3 Bedrooms | $362.5K | $402K | +10.9% |
4 Bedrooms | $500K | $553.2K | +10.7% |
5+ Bedrooms | $578K | $532.5K | -7.9% |
Summary: Forks Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Cities
Easton | $312.9K | $345K | +10.2% |
Forks Township | $395.5K | $434.2K | +9.8% |
Palmer Township | $339.9K | $360K | +5.9% |
Housing Supply in Forks Township, PA
How many homes are available in Forks Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 85 | +3.7% |
Summary: The Forks Township real estate market had 85 homes for sale in May 2024, a 3.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 24 | 20 | -16.7% |
4 Bedrooms | 35 | 42 | +20.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Forks Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 28 | +64.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Forks Township in May 2024, up by 64.7% month-over-month. Of the 28 sold homes, 46% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for Forks Township, PA
How long does it take to sell a home in Forks Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 28 Days | -42.2% |
Summary: Homes in Forks Township had an average of 28 days on market in May 2024, down by 42.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Forks Township; 82% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.