Is East Goshen 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 Goshen Township has remained a Seller's Market.
Key Takeaway
East Goshen Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Goshen Township, PA
How much do homes in East Goshen Township, PA cost?
Median Sold Price
$505,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Goshen Township have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in East Goshen Township was $505,000 in March 2024, up 3.1% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $225K | +2.3% |
| 2 Bedrooms | $285K | $350K | +22.8% |
| 3 Bedrooms | $524.9K | $575K | +9.5% |
| 4 Bedrooms | $725K | $760K | +4.8% |
| 5+ Bedrooms | $850K | $976.5K | +14.9% |
Summary: East Goshen Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Willistown Township | $535K | $615K | +15.0% |
| West Goshen Township | $550K | $600K | +9.1% |
| East Goshen Township | $490K | $505K | +3.1% |
| East Whiteland Township | $575K | $575K | 0.0% |
Housing Supply in East Goshen Township, PA
How many homes are available in East Goshen Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 55 | +27.9% |
Summary: The East Goshen Township real estate market had 55 homes for sale in March 2024, a 27.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 25 | 29 | +16.0% |
| 3 Bedrooms | 2 | 5 | +150.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The East Goshen Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 150%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Goshen Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in East Goshen Township in March 2024, up by 66.7% month-over-month. Of the 15 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% were sold over asking.
Days on Market for East Goshen Township, PA
How long does it take to sell a home in East Goshen Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 13 Days | -29.0% |
Summary: Homes in East Goshen Township had an average of 13 days on market in Mar 2024, down by 29% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Goshen Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in East Goshen Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
