Is Conshohocken, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Conshohocken is a seller's market

Buyer's
Market

Difference Since September 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

$467,500

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$500(+0.1%)

Key Takeaway

The sold price of homes in Conshohocken has remained the same since last year.

Summary: The median home sold price in Conshohocken was $467,500 in September 2024, up 0.1% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $215K$237K
+10.2%
2 $365K$365K
0.0%
3 $467K$504.9K
+8.1%
4 $619K$582.5K
-5.9%
5+ $680K$517.7K
-23.9%

Summary: Conshohocken housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 23.9%.

Median Sold Price Compared To Nearby Cities

Whitemarsh Township
+12.6%
Plymouth Township
+10.9%
Lower Merion Township
+3.8%
Conshohocken
0.1%

Housing Supply in Conshohocken, PA

How many homes are available in Conshohocken, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7168-4.2%

Summary: The Conshohocken real estate market had 68 homes for sale in September 2024, a 4.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 138
-38.5%
3 3532
-8.6%
4 1923
+21.1%
5+ 33
0.0%

Summary: The Conshohocken housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 38.5%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3417-50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Conshohocken, expect to pay close to the asking price. 41.2% of homes here sold near the asking price last month.

Summary: A total of 17 homes were sold or pending in Conshohocken in September 2024, down by 50.0% month-over-month. Of the 17 sold homes, 24% were sold under asking, 41% were sold at asking, and 35% 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

Sep 2023Sep 2024CHANGE
31 Days14 Days-53.7%

Summary: Homes in Conshohocken had an average of 14 days on market in Sep 2024, down by 53.7% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Conshohocken are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 17 homes were sold in Conshohocken; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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