Is West Conshohocken, 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 Conshohocken was a Seller's Market.
Key Takeaway
West Conshohocken is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Conshohocken, PA
How much do homes in West Conshohocken, PA cost?
Median Sold Price
$470,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Conshohocken have sold for 9.1% less than they did a year ago.
Summary: The median home sold price in West Conshohocken was $470,000 in May 2024, down 9.1% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $370K | $397.5K | +7.4% |
| 3 Bedrooms | $510K | $460K | -9.8% |
| 4 Bedrooms | $634.9K | $745K | +17.3% |
| 5+ Bedrooms | - | $612.5K | N/A |
Summary: West Conshohocken 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 7.4%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| King Of Prussia | $417.5K | $488.7K | +17.1% |
| Lower Merion Township | $708.7K | $773.3K | +9.1% |
| Plymouth Township | $483.2K | $500K | +3.5% |
| Conshohocken | $446K | $456K | +2.2% |
| West Conshohocken | $517K | $470K | -9.1% |
Housing Supply in West Conshohocken, PA
How many homes are available in West Conshohocken, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The West Conshohocken real estate market had 12 homes for sale in May 2024, a 9.1% 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 | 1 | 0.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The West Conshohocken 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 decreased by 50%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Conshohocken, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in West Conshohocken in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for West Conshohocken, PA
How long does it take to sell a home in West Conshohocken, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 62 Days | +447.1% |
Summary: Homes in West Conshohocken had an average of 62 days on market in May 2024, up by 447.1% 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 Conshohocken has remained consistent over time.
Summary: During May 2024, 1 homes were sold in West Conshohocken; 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.
