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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Pikeland Township is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, East Pikeland Township was a Neutral Market.

Key Takeaway

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

Housing Prices in East Pikeland Township, PA

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

Median Sold Price

$475,000

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+11.8%)

Key Takeaway

Homes in East Pikeland Township have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in East Pikeland Township was $475,000 in October 2024, up 11.8% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $500K-
N/A
2 $328.5K$396.2K
+20.6%
3 $385K$415K
+7.8%
4 $705K$665K
-5.7%
5+ $638K$855K
+34.0%

Summary: East Pikeland Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 34%.

Median Sold Price Compared To Nearby Cities

East Pikeland Township
+11.8%
Phoenixville
+8.9%
Upper Providence Township
+5.2%
East Vincent Township
-2.7%
Spring City
-7.3%

Housing Supply in East Pikeland Township, PA

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2123+9.5%

Summary: The East Pikeland Township real estate market had 23 homes for sale in October 2024, a 9.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 77
0.0%
4 1011
+10.0%
5+ 23
+50.0%

Summary: The East Pikeland Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 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 Pikeland Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in East Pikeland Township in October 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for East Pikeland Township, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
10 Days31 Days+202.4%

Summary: Homes in East Pikeland Township had an average of 31 days on market in Oct 2024, up by 202.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 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 Pikeland Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in East Pikeland Township; 60% of homes were sold within 30 days, 40% 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 12 Days Ago

Newest Listings in East Pikeland Township, PA

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