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 April 2023
Since last year, East Coventry Township has remained a Seller's Market.
Key Takeaway
East Coventry Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Coventry Township, PA
How much do homes in East Coventry Township, PA cost?
Median Sold Price
$400,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Coventry Township have sold for 1% more than they did a year ago.
Summary: The median home sold price in East Coventry Township was $400,000 in April 2024, up 1% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $275.5K | -11.1% |
| 3 Bedrooms | $365K | $391.2K | +7.2% |
| 4 Bedrooms | $600K | $475K | -20.8% |
| 5+ Bedrooms | $480K | $740K | +54.2% |
Summary: East Coventry Township housing prices by bedroom type for April 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 7.2%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes increased by 54.2%.
Median Sold Price Compared To Nearby Cities
| North Coventry Township | $370K | $442.5K | +19.6% |
| Pottstown | $270K | $305.8K | +13.3% |
| East Coventry Township | $395.8K | $400K | +1.0% |
| Lower Pottsgrove Township | $350K | $337.5K | -3.6% |
| East Vincent Township | $561K | $490K | -12.7% |
Housing Supply in East Coventry Township, PA
How many homes are available in East Coventry Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The East Coventry Township real estate market had 18 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The East Coventry Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Coventry Township, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in East Coventry Township in April 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 22 Days | +35.7% |
Summary: Homes in East Coventry Township had an average of 22 days on market in Apr 2024, up by 35.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 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 April 2024, 5 homes were sold in East Coventry Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
