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.
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
$503,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in East Goshen Township has remained the same since last year.
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
Key Takeaway
If you're buying a home in East Goshen Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in East Goshen Township are selling fast, if you're buying plan to act quickly.
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.
