$5,924 Closing Credit*
$498,888
2,750 SqFt
3 Beds
•2 Full Baths, 1 Partial
Minh Nguyen-Rivera, Listing Office: KW Empower
Is East Falls, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, East Falls has remained a Seller's Market.
Key Takeaway
East Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Falls, PA
How much do homes in East Falls, PA cost?
Median Sold Price
$350,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+6.1%)
Key Takeaway
Homes in East Falls have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in East Falls was $350,000 in October 2024, up 6.1% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $58K | -64.8% |
| 2 Bedrooms | $255K | $271K | +6.3% |
| 3 Bedrooms | $349K | $374.3K | +7.3% |
| 4 Bedrooms | $382.5K | $545K | +42.5% |
| 5+ Bedrooms | $540K | $732.5K | +35.6% |
Summary: East Falls housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.8%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 42.5%, and 5+ bedroom homes increased by 35.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Germantown / Chestnut Hill | $288.7K | $316.8K | +9.7% |
| Wissahickon | $332.5K | $360K | +8.3% |
| East Falls | $330K | $350K | +6.1% |
| Germantown | $189.8K | $199.6K | +5.1% |
Housing Supply in East Falls, PA
How many homes are available in East Falls, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 38 | +2.7% |
Summary: The East Falls real estate market had 38 homes for sale in October 2024, a 2.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Falls housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Falls, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in East Falls in October 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% were sold over asking.
Days on Market for East Falls, PA
How long does it take to sell a home in East Falls, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 22 Days | +51.1% |
Summary: Homes in East Falls had an average of 22 days on market in Oct 2024, up by 51.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Falls are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in East Falls; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
