Is East Fallowfield Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, East Fallowfield Township has remained a Buyer's Market.
Housing Prices in East Fallowfield Township, PA
How much do homes in East Fallowfield Township, PA cost?
Median Sold Price
$420,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Fallowfield Township was $420,000 in March 2024, up 10.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $280K | $304.9K | +8.9% |
3 Bedrooms | $322.5K | $385K | +19.4% |
4 Bedrooms | $425K | $436K | +2.6% |
5+ Bedrooms | $407.5K | $430.5K | +5.6% |
Summary: East Fallowfield Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 5.6%.
Housing Supply in East Fallowfield Township, PA
How many homes are available in East Fallowfield Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 26 | +13.0% |
Summary: The East Fallowfield Township real estate market had 26 homes for sale in March 2024, a 13.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The East Fallowfield Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in East Fallowfield Township in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for East Fallowfield Township, PA
How long does it take to sell a home in East Fallowfield Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 3 Days | -92.5% |
Summary: Homes in East Fallowfield Township had an average of 3 days on market in Mar 2024, down by 92.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in East Fallowfield 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.