Is Conshohocken, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Conshohocken was a Seller's Market.
Housing Prices in Conshohocken, PA
How much do homes in Conshohocken, PA cost?
Median Sold Price
$456,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Conshohocken was $456,000 in May 2024, up 2.2% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $225K | +4.7% |
2 Bedrooms | $325K | $360K | +10.8% |
3 Bedrooms | $455K | $490K | +7.7% |
4 Bedrooms | $634.9K | $605K | -4.7% |
5+ Bedrooms | $437.5K | $540.5K | +23.5% |
Summary: Conshohocken housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Cities
Whitemarsh Township | $525K | $590K | +12.4% |
Lower Merion Township | $708.7K | $773.3K | +9.1% |
Plymouth Township | $483.2K | $500K | +3.5% |
Conshohocken | $446K | $456K | +2.2% |
Housing Supply in Conshohocken, PA
How many homes are available in Conshohocken, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 69 | +15.0% |
Summary: The Conshohocken real estate market had 69 homes for sale in May 2024, a 15.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 12 | 8 | -33.3% |
3 Bedrooms | 31 | 36 | +16.1% |
4 Bedrooms | 12 | 20 | +66.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Conshohocken 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 decreased by 33.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 9 | -60.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Conshohocken in May 2024, down by 60.9% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Conshohocken, PA
How long does it take to sell a home in Conshohocken, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 18 Days | +16.7% |
Summary: Homes in Conshohocken had an average of 18 days on market in May 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Conshohocken; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.