Is East Falls, 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, East Falls has remained a Seller's Market.
Key Takeaway
East Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Falls, PA
How much do homes in East Falls, PA cost?
Median Sold Price
$335,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Falls have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in East Falls was $335,000 in April 2024, up 1.5% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $165K | +43.5% |
| 2 Bedrooms | $275K | $245K | -10.9% |
| 3 Bedrooms | $365K | $349.5K | -4.2% |
| 4 Bedrooms | $450K | $485K | +7.8% |
| 5+ Bedrooms | $525.2K | $785K | +49.5% |
Summary: East Falls housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.5%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 49.5%.
Median Sold Price Compared To Nearby Neighborhoods
| East Falls | $330K | $335K | +1.5% |
| Germantown | $189.9K | $186K | -2.1% |
| Germantown / Chestnut Hill | $306.3K | $295.4K | -3.6% |
| Wissahickon | $354K | $337.4K | -4.7% |
Housing Supply in East Falls, PA
How many homes are available in East Falls, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 36 | +16.1% |
Summary: The East Falls real estate market had 36 homes for sale in April 2024, a 16.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 14 | 21 | +50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The East Falls housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Falls, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in East Falls in April 2024, up by 27.3% month-over-month. Of the 14 sold homes, 7% were sold under asking, 21% were sold at asking, and 71% were sold over asking.
Days on Market for East Falls, PA
How long does it take to sell a home in East Falls, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 80 Days | 13 Days | -83.4% |
Summary: Homes in East Falls had an average of 13 days on market in Apr 2024, down by 83.4% compared to last year.
Breakdown of Home Sale Times
13 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 East Falls are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in East Falls; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
