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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Fallowfield Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, West Fallowfield Township was a Seller's Market.

Key Takeaway

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

Housing Prices in West Fallowfield Township, PA

How much do homes in West Fallowfield Township, PA cost?

Median Sold Price

$400,000

$161/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$119,780(-23.0%)

Key Takeaway

Homes in West Fallowfield Township have sold for 23% less than they did a month ago.

Summary: The median home sold price in West Fallowfield Township was $400,000 in February 2024, down 23% from last month, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $497.3K$400K
-19.6%
4 $1.1M-
N/A
5+ --
N/A

Summary: West Fallowfield Township housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 19.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cochranville
-1.9%
West Fallowfield Township
-23.0%

Housing Supply in West Fallowfield Township, PA

How many homes are available in West Fallowfield Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1312-7.7%

Summary: The West Fallowfield Township real estate market had 12 homes for sale in February 2024, a 7.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 87
-12.5%
4 21
-50.0%
5+ 00
0.0%

Summary: The West Fallowfield Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Fallowfield Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in West Fallowfield Township in February 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for West Fallowfield Township, PA

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

Average Sale Time

Jan 2024Feb 2024CHANGE
33 Days40 Days+20.0%

Summary: Homes in West Fallowfield Township had an average of 40 days on market in Feb 2024, up by 20% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West Fallowfield Township has remained consistent over time.

Summary: During February 2024, 1 homes were sold in West Fallowfield Township; 0% of homes were sold within 30 days, 100% 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 28 Days Ago

Newest Listings in West Fallowfield Township, PA

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