Is Falls Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Falls Township has remained a Seller's Market.
Key Takeaway
Falls Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Falls Township, PA cost?
Median Sold Price
$365,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$10,250(+2.9%)
Key Takeaway
Homes in Falls Township have sold for 2.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $299.9K | +5.2% |
| 3 Bedrooms | $338.9K | $355K | +4.7% |
| 4 Bedrooms | $378K | $370K | -2.1% |
| 5+ Bedrooms | $474.9K | $503K | +5.9% |
Median Sold Price Compared To Nearby Cities
| Trenton | $154.7K | $213.1K | +37.7% |
| Morrisville | $275K | $312.5K | +13.6% |
| Bristol Township | $297.5K | $316.4K | +6.4% |
| Falls Township | $354.7K | $365K | +2.9% |
| Tullytown | $342.5K | $350K | +2.2% |
How many homes are available in Falls Township, PA?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 64 | 62 | -3.1% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 32 | 32 | 0.0% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 6 | 2 | -66.7% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 12 | 24 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Falls Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
How long does it take to sell a home in Falls Township, PA?
How long does it take to sell a home in Falls Township, PA?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 5 Days | 21 Days | +325.0% |
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Falls Township are selling fast, if you're buying plan to act quickly.
