Is Falls Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Falls Township has remained a Seller's Market.
Housing Prices in Falls Township, PA
How much do homes in Falls Township, PA cost?
Median Sold Price
$390,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Falls Township was $390,000 in June 2024, up 6.1% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $297K | $305K | +2.7% |
3 Bedrooms | $352.2K | $369.9K | +5.0% |
4 Bedrooms | $382.3K | $420.2K | +9.9% |
5+ Bedrooms | $510.5K | $488K | -4.4% |
Summary: Falls Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
Trenton | $255.4K | $313.4K | +22.7% |
Morrisville | $335K | $360K | +7.5% |
Bristol Township | $316.4K | $338.5K | +7.0% |
Falls Township | $367.5K | $390K | +6.1% |
Housing Supply in Falls Township, PA
How many homes are available in Falls Township, PA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
59 | 56 | -5.1% |
Summary: The Falls Township real estate market had 56 homes for sale in June 2024, a 5.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 35 | 27 | -22.9% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Falls Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 22.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Falls Township in June 2024, up by 7.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
10 Days | 8 Days | -22.3% |
Summary: Homes in Falls Township had an average of 8 days on market in Jun 2024, down by 22.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 14 homes were sold in Falls Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.