Is East Marlborough 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 Marlborough Township has remained a Seller's Market.
Housing Prices in East Marlborough Township, PA
How much do homes in East Marlborough Township, PA cost?
Median Sold Price
$681,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Marlborough Township was $681,000 in April 2024, up 8.1% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $502.5K | $549.9K | +9.4% |
3 Bedrooms | $523.5K | $540K | +3.1% |
4 Bedrooms | $660K | $745K | +12.9% |
5+ Bedrooms | $877.5K | $934.6K | +6.5% |
Summary: East Marlborough 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 increased by 9.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
East Marlborough Township | $630K | $681K | +8.1% |
Kennett Township | $555K | $580K | +4.5% |
Pocopson Township | $750K | $770K | +2.7% |
Housing Supply in East Marlborough Township, PA
How many homes are available in East Marlborough Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 27 | +17.4% |
Summary: The East Marlborough Township real estate market had 27 homes for sale in April 2024, a 17.4% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 8 | 12 | +50.0% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The East Marlborough 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 50%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in East Marlborough Township in April 2024, up by 80.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for East Marlborough Township, PA
How long does it take to sell a home in East Marlborough Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 18 Days | -71.4% |
Summary: Homes in East Marlborough Township had an average of 18 days on market in Apr 2024, down by 71.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in East Marlborough Township; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.