Is East Rockhill 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 Rockhill Township has remained a Seller's Market.
Key Takeaway
East Rockhill Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Rockhill Township, PA
How much do homes in East Rockhill Township, PA cost?
Median Sold Price
$550,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Rockhill Township have sold for 29.4% more than they did a year ago.
Summary: The median home sold price in East Rockhill Township was $550,000 in March 2024, up 29.4% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $320K | N/A |
| 2 Bedrooms | $294.9K | $373K | +26.5% |
| 3 Bedrooms | $345K | $380K | +10.1% |
| 4 Bedrooms | $517K | $606K | +17.2% |
| 5+ Bedrooms | $525K | $728K | +38.7% |
Summary: East Rockhill 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 26.5%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 38.7%.
Median Sold Price Compared To Nearby Cities
| East Rockhill Township | $425K | $550K | +29.4% |
| West Rockhill Township | $414.5K | $440K | +6.2% |
| Perkasie | $412.5K | $431K | +4.5% |
| Richland Township | $377.4K | $380K | +0.7% |
Housing Supply in East Rockhill Township, PA
How many homes are available in East Rockhill Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The East Rockhill Township real estate market had 9 homes for sale in March 2024, a 25.0% decrease 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 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The East Rockhill 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Rockhill Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in East Rockhill Township in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for East Rockhill Township, PA
How long does it take to sell a home in East Rockhill Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 44 Days | +25.7% |
Summary: Homes in East Rockhill Township had an average of 44 days on market in Mar 2024, up by 25.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 Rockhill Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in East Rockhill Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
