Is Conshohocken, 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, Conshohocken has remained a Seller's Market.
Key Takeaway
Conshohocken is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Conshohocken, PA
How much do homes in Conshohocken, PA cost?
Median Sold Price
$464,333
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Conshohocken have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Conshohocken was $464,333 in April 2024, up 4.1% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $220K | +2.3% |
| 2 Bedrooms | $330K | $362.5K | +9.8% |
| 3 Bedrooms | $457.5K | $490K | +7.1% |
| 4 Bedrooms | $625K | $613K | -1.9% |
| 5+ Bedrooms | $522.5K | $528.7K | +1.2% |
Summary: Conshohocken housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Plymouth Township | $465K | $500K | +7.5% |
| Whitemarsh Township | $555K | $580.5K | +4.6% |
| Conshohocken | $446K | $464.3K | +4.1% |
| Lower Merion Township | $744.4K | $746.5K | 0.3% |
Housing Supply in Conshohocken, PA
How many homes are available in Conshohocken, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 62 | +21.6% |
Summary: The Conshohocken real estate market had 62 homes for sale in April 2024, a 21.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 28 | 32 | +14.3% |
| 4 Bedrooms | 7 | 13 | +85.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Conshohocken housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conshohocken, you could pay more than the asking price. 55% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Conshohocken in April 2024, up by 66.7% month-over-month. Of the 20 sold homes, 25% were sold under asking, 20% were sold at asking, and 55% were sold over asking.
Days on Market for Conshohocken, PA
How long does it take to sell a home in Conshohocken, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 9 Days | -72.0% |
Summary: Homes in Conshohocken had an average of 9 days on market in Apr 2024, down by 72% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Conshohocken are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Conshohocken; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
