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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Falls Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Falls Township was a Seller's Market.

Key Takeaway

Falls Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Falls Township, PA

How much do homes in Falls Township, PA cost?

Median Sold Price

$395,000

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$30,000(+8.2%)

Key Takeaway

Homes in Falls Township have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Falls Township was $395,000 in May 2024, up 8.2% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $302.4K$305K
+0.8%
3 $355K$369K
+3.9%
4 $379.9K$427.5K
+12.5%
5+ $505K$455K
-9.9%

Summary: Falls Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 9.9%.

Median Sold Price Compared To Nearby Cities

Trenton
+27.2%
Morrisville
+10.8%
Falls Township
+8.2%
Bristol Township
+5.2%

Housing Supply in Falls Township, PA

How many homes are available in Falls Township, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4959+20.4%

Summary: The Falls Township real estate market had 59 homes for sale in May 2024, a 20.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 2634
+30.8%
4 1919
0.0%
5+ 33
0.0%

Summary: The Falls Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
168-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Falls Township, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Falls Township in May 2024, down by 50.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.

Days on Market for Falls Township, PA

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

Average Sale Time

May 2023May 2024CHANGE
23 Days13 Days-42.0%

Summary: Homes in Falls Township had an average of 13 days on market in May 2024, down by 42% compared to last year.

Breakdown of Home Sale Times

6 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 Falls Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 8 homes were sold in Falls Township; 75% of homes were sold within 30 days, 25% 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 16 Days Ago

Newest Listings in Falls Township, PA

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What housing markets are near Falls Township, PA?