Is East Marlborough 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 Marlborough Township has remained a Seller's Market.
Housing Prices in East Marlborough Township, PA
How much do homes in East Marlborough Township, PA cost?
Median Sold Price
$680,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Marlborough Township was $680,000 in May 2024, up 5.4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $511K | $549.9K | +7.6% |
3 Bedrooms | $587.1K | $530K | -9.7% |
4 Bedrooms | $682.2K | $757.2K | +11.0% |
5+ Bedrooms | $821.9K | $972.1K | +18.3% |
Summary: East Marlborough 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 7.6%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Cities
East Marlborough Township | $645K | $680K | +5.4% |
Pocopson Township | $750.7K | $790K | +5.2% |
Kennett Township | $575K | $575K | 0.0% |
Housing Supply in East Marlborough Township, PA
How many homes are available in East Marlborough Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Summary: The East Marlborough Township real estate market had 25 homes for sale in May 2024, a 3.8% decrease 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 | 1 | 2 | +100.0% |
3 Bedrooms | 11 | 5 | -54.5% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The East Marlborough 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 100%, 3 bedroom homes decreased by 54.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in East Marlborough Township in May 2024, down by 44.4% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for East Marlborough Township, PA
How long does it take to sell a home in East Marlborough Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 3 Days | -94.3% |
Summary: Homes in East Marlborough Township had an average of 3 days on market in May 2024, down by 94.3% 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
Summary: During May 2024, 5 homes were sold in East Marlborough 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.