Is East Pikeland 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 Pikeland Township has remained a Seller's Market.
Key Takeaway
East Pikeland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Pikeland Township, PA
How much do homes in East Pikeland Township, PA cost?
Median Sold Price
$440,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Pikeland Township have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in East Pikeland Township was $440,000 in May 2024, up 5.4% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | - | N/A |
| 2 Bedrooms | $295K | $367.5K | +24.6% |
| 3 Bedrooms | $360K | $385.8K | +7.2% |
| 4 Bedrooms | $623.7K | $750K | +20.2% |
| 5+ Bedrooms | $647.5K | $799.9K | +23.5% |
Summary: East Pikeland 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 24.6%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Cities
| East Pikeland Township | $417.5K | $440K | +5.4% |
| Upper Providence Township | $461K | $484.9K | +5.2% |
| Phoenixville | $425K | $445K | +4.7% |
| East Vincent Township | $520K | $502K | -3.5% |
| Spring City | $444.7K | $414.9K | -6.7% |
Housing Supply in East Pikeland Township, PA
How many homes are available in East Pikeland Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The East Pikeland Township real estate market had 27 homes for sale in May 2024, a 8.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The East Pikeland Township 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 increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Pikeland Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in East Pikeland Township in May 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for East Pikeland Township, PA
How long does it take to sell a home in East Pikeland Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 6 Days | -76.2% |
Summary: Homes in East Pikeland Township had an average of 6 days on market in May 2024, down by 76.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Pikeland Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in East Pikeland 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.
