Is East Norriton 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 Norriton Township has remained a Seller's Market.
Key Takeaway
East Norriton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Norriton Township, PA
How much do homes in East Norriton Township, PA cost?
Median Sold Price
$354,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Norriton Township have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in East Norriton Township was $354,000 in March 2024, up 0.6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $280K | -7.4% |
| 2 Bedrooms | $235K | $300K | +27.7% |
| 3 Bedrooms | $342K | $347.5K | +1.6% |
| 4 Bedrooms | $417.5K | $457.5K | +9.6% |
| 5+ Bedrooms | $500K | $525K | +5.0% |
Summary: East Norriton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Blue Bell | $569.9K | $625K | +9.7% |
| Whitpain Township | $600K | $644.7K | +7.4% |
| Plymouth Township | $466.2K | $497.5K | +6.7% |
| East Norriton Township | $352K | $354K | +0.6% |
| Worcester Township | $622.5K | $582.5K | -6.4% |
Housing Supply in East Norriton Township, PA
How many homes are available in East Norriton Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 52 | 0.0% |
Summary: The East Norriton Township real estate market had 52 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The East Norriton 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 14.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Norriton Township, 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 Norriton Township in March 2024, up by 40.0% month-over-month. Of the 14 sold homes, 21% were sold under asking, 7% were sold at asking, and 71% were sold over asking.
Days on Market for East Norriton Township, PA
How long does it take to sell a home in East Norriton Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 19 Days | -35.4% |
Summary: Homes in East Norriton Township had an average of 19 days on market in Mar 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Norriton Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in East Norriton Township; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
