$5,284 Closing Credit*
$445,000
2,694 SqFt
3 Beds
•2 Full Baths, 1 Partial
Michael E McKee, Listing Office: Long & Foster Real Estate, Inc.
Is Cochranville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cochranville has remained a Seller's Market.
Key Takeaway
Cochranville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cochranville, PA
How much do homes in Cochranville, PA cost?
Median Sold Price
$500,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$23,250(-4.4%)
Key Takeaway
Homes in Cochranville have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Cochranville was $500,000 in November 2024, down 4.4% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $280K | N/A |
| 2 Bedrooms | $533.9K | $502.4K | -5.9% |
| 3 Bedrooms | $481.3K | $487.5K | +1.3% |
| 4 Bedrooms | $495.5K | $510K | +2.9% |
| 5+ Bedrooms | $620K | $825K | +33.1% |
Summary: Cochranville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 33.1%.
Median Sold Price Compared To Nearby Cities
| Cochranville | $523.2K | $500K | -4.4% |
| Penn Township | $435.5K | $415K | -4.7% |
Housing Supply in Cochranville, PA
How many homes are available in Cochranville, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The Cochranville real estate market had 20 homes for sale in November 2024, a 13.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cochranville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cochranville, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Cochranville in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Cochranville, PA
How long does it take to sell a home in Cochranville, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 49 Days | +1146.4% |
Summary: Homes in Cochranville had an average of 49 days on market in Nov 2024, up by 1146.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cochranville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Cochranville; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
