Is East Caln Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Caln Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, East Caln Township has remained a Seller's Market.

Key Takeaway

East Caln Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Caln Township, PA

How much do homes in East Caln Township, PA cost?

Median Sold Price

$486,448

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$44,448(+10.1%)

Key Takeaway

Homes in East Caln Township have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in East Caln Township was $486,448 in September 2024, up 10.1% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$180K
N/A
2 $242K$251.5K
+3.9%
3 $432K$445K
+3.0%
4 $545K$685K
+25.7%
5+ -$750K
N/A

Summary: East Caln Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Uwchlan Township
+10.4%
East Caln Township
+10.1%
Caln Township
+9.0%
Downingtown
+4.5%
East Brandywine Township
-3.1%

Housing Supply in East Caln Township, PA

How many homes are available in East Caln Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1513-13.3%

Summary: The East Caln Township real estate market had 13 homes for sale in September 2024, a 13.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 12
+100.0%
3 77
0.0%
4 43
-25.0%
5+ 21
-50.0%

Summary: The East Caln Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Caln Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in East Caln Township in September 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for East Caln Township, PA

How long does it take to sell a home in East Caln Township, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
2 Days18 Days+650.0%

Summary: Homes in East Caln Township had an average of 18 days on market in Sep 2024, up by 650% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 4 homes were sold in East Caln Township; 100% of homes were sold within 30 days, 0% 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 30 Days Ago

Newest Listings in East Caln Township, PA

Nearby Markets to East Caln Township, PA

What housing markets are near East Caln Township, PA?