Is East Fallowfield Township, 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, East Fallowfield Township was a Seller's Market.
Key Takeaway
East Fallowfield Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in East Fallowfield Township, PA
How much do homes in East Fallowfield Township, PA cost?
Median Sold Price
$420,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Fallowfield Township have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in East Fallowfield Township was $420,000 in May 2024, up 11.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | $318K | +7.8% |
| 3 Bedrooms | $342.5K | $385K | +12.4% |
| 4 Bedrooms | $416.5K | $442K | +6.1% |
| 5+ Bedrooms | $441K | $535K | +21.3% |
Summary: East Fallowfield 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 7.8%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Cities
| South Coatesville | $255K | $302.5K | +18.6% |
| East Fallowfield Township | $377.5K | $420K | +11.3% |
Housing Supply in East Fallowfield Township, PA
How many homes are available in East Fallowfield Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Summary: The East Fallowfield Township real estate market had 25 homes for sale in May 2024, a 19.0% 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 8 | 16 | +100.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The East Fallowfield 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 decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Fallowfield Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in East Fallowfield Township in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for East Fallowfield Township, PA
How long does it take to sell a home in East Fallowfield Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 4 Days | -15.8% |
Summary: Homes in East Fallowfield Township had an average of 4 days on market in May 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
4 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 Fallowfield Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in East Fallowfield 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.
