Is East Vincent 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, East Vincent Township was a Seller's Market.
Key Takeaway
East Vincent Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Vincent Township, PA
How much do homes in East Vincent Township, PA cost?
Median Sold Price
$502,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Vincent Township have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in East Vincent Township was $502,000 in May 2024, down 3.5% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $215K | N/A |
| 3 Bedrooms | $375K | $402.5K | +7.3% |
| 4 Bedrooms | $675K | $575K | -14.8% |
| 5+ Bedrooms | $916.4K | $812.9K | -11.3% |
Summary: East Vincent 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 did not change, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Cities
| East Coventry Township | $372.5K | $400K | +7.4% |
| East Pikeland Township | $417.5K | $440K | +5.4% |
| West Vincent Township | $710K | $730K | +2.8% |
| East Vincent Township | $520K | $502K | -3.5% |
| Spring City | $444.7K | $414.9K | -6.7% |
Housing Supply in East Vincent Township, PA
How many homes are available in East Vincent Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Summary: The East Vincent Township real estate market had 17 homes for sale in May 2024, a 41.7% 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The East Vincent Township 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
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 East Vincent 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 East Vincent Township in May 2024, down by 50.0% 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 East Vincent Township, PA
How long does it take to sell a home in East Vincent Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 43 Days | +79.2% |
Summary: Homes in East Vincent Township had an average of 43 days on market in May 2024, up by 79.2% 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 East Vincent Township has remained consistent over time.
Summary: During May 2024, 1 homes were sold in East Vincent 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.
