Is West 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
At the same time last year, West Cocalico Township was a Seller's Market.
Key Takeaway
West Cocalico Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Cocalico Township, PA
How much do homes in West Cocalico Township, PA cost?
Median Sold Price
$349,900
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Cocalico Township have sold for 9% more than they did a year ago.
Summary: The median home sold price in West Cocalico Township was $349,900 in May 2024, up 9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $230K | N/A |
| 2 Bedrooms | $242.4K | $307.5K | +26.8% |
| 3 Bedrooms | $327.5K | $321K | -2.0% |
| 4 Bedrooms | $317K | $420K | +32.5% |
| 5+ Bedrooms | $550K | $510K | -7.3% |
Summary: West 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 26.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 32.5%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Clay Township | $335K | $425K | +26.9% |
| Denver | $280K | $312K | +11.4% |
| East Cocalico Township | $287.5K | $319.6K | +11.2% |
| Stevens | $295K | $325K | +10.2% |
| West Cocalico Township | $321K | $349.9K | +9.0% |
Housing Supply in West Cocalico Township, PA
How many homes are available in West Cocalico Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Summary: The West Cocalico Township real estate market had 11 homes for sale in May 2024, a 31.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The West Cocalico Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Cocalico Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in West Cocalico Township in May 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for West Cocalico Township, PA
How long does it take to sell a home in West Cocalico Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 47 Days | +36.2% |
Summary: Homes in West Cocalico Township had an average of 47 days on market in May 2024, up by 36.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Cocalico Township has remained consistent over time.
Summary: During May 2024, 1 homes were sold in West Cocalico Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
