Is East Goshen Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Goshen Township has remained a Seller's Market.
Key Takeaway
East Goshen Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Goshen Township, PA
How much do homes in East Goshen Township, PA cost?
Median Sold Price
$510,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Goshen Township have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in East Goshen Township was $510,000 in April 2024, up 1.3% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $225K | +4.7% |
| 2 Bedrooms | $293.5K | $347K | +18.2% |
| 3 Bedrooms | $540K | $577.5K | +6.9% |
| 4 Bedrooms | $737.5K | $794.5K | +7.7% |
| 5+ Bedrooms | $835K | $1.0M | +19.8% |
Summary: East Goshen Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 19.8%.
Median Sold Price Compared To Nearby Cities
| Willistown Township | $532.5K | $625.5K | +17.5% |
| West Goshen Township | $553.7K | $588.7K | +6.3% |
| East Whiteland Township | $560K | $590K | +5.4% |
| East Goshen Township | $503.5K | $510K | +1.3% |
Housing Supply in East Goshen Township, PA
How many homes are available in East Goshen Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 53 | +8.2% |
Summary: The East Goshen Township real estate market had 53 homes for sale in April 2024, a 8.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 28 | 24 | -14.3% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Goshen Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 25 | +56.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Goshen Township, you could pay more than the asking price. 68% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in East Goshen Township in April 2024, up by 56.3% month-over-month. Of the 25 sold homes, 12% were sold under asking, 20% were sold at asking, and 68% were sold over asking.
Days on Market for East Goshen Township, PA
How long does it take to sell a home in East Goshen Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 5 Days | -45.7% |
Summary: Homes in East Goshen Township had an average of 5 days on market in Apr 2024, down by 45.7% compared to last year.
Breakdown of Home Sale Times
24 Homes Were 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 Goshen Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in East Goshen Township; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
