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 May 2023
Since last year, East Goshen Township has remained a Seller's Market.
Housing Prices in East Goshen Township, PA
How much do homes in East Goshen Township, PA cost?
Median Sold Price
$503,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Goshen Township was $503,000 in May 2024, down 0.4% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $225K | 0.0% |
2 Bedrooms | $311.1K | $350K | +12.5% |
3 Bedrooms | $542.5K | $575K | +6.0% |
4 Bedrooms | $691.2K | $800K | +15.7% |
5+ Bedrooms | $862K | $953K | +10.6% |
Summary: East Goshen Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
Willistown Township | $550K | $626K | +13.8% |
East Whiteland Township | $545K | $600K | +10.1% |
West Goshen Township | $559.9K | $591K | +5.6% |
Westtown Township | $600K | $630K | +5.0% |
East Goshen Township | $505K | $503K | -0.4% |
Housing Supply in East Goshen Township, PA
How many homes are available in East Goshen Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 40 | -23.1% |
Summary: The East Goshen Township real estate market had 40 homes for sale in May 2024, a 23.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 3 | -50.0% |
2 Bedrooms | 26 | 16 | -38.5% |
3 Bedrooms | 7 | 10 | +42.9% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Goshen Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 38.5%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 8 | -70.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in East Goshen Township in May 2024, down by 70.4% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 11 Days | +16.1% |
Summary: Homes in East Goshen Township had an average of 11 days on market in May 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in East Goshen 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.