$7,363 Closing Credit*
$620,000
2,280 SqFt
3 Beds
•3 Full Baths
Brenda Smith, Listing Office: Engel & Volkers
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 October 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
$480,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$36,000(-7.0%)
Key Takeaway
Homes in East Goshen Township have sold for 7% less than they did a year ago.
Summary: The median home sold price in East Goshen Township was $480,000 in October 2024, down 7% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $225K | 0.0% |
| 2 Bedrooms | $340K | $348K | +2.4% |
| 3 Bedrooms | $550.5K | $560K | +1.7% |
| 4 Bedrooms | $800K | $776K | -3.0% |
| 5+ Bedrooms | $953K | $935K | -1.9% |
Summary: East Goshen Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Willistown Township | $590K | $665K | +12.7% |
| West Goshen Township | $570.9K | $630K | +10.4% |
| East Whiteland Township | $580K | $620K | +6.9% |
| East Goshen Township | $516K | $480K | -7.0% |
Housing Supply in East Goshen Township, PA
How many homes are available in East Goshen Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 62 | -4.6% |
Summary: The East Goshen Township real estate market had 62 homes for sale in October 2024, a 4.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 27 | 30 | +11.1% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The East Goshen Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 21 | -25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 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. 42.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in East Goshen Township in October 2024, down by 25.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 23 Days | +224.1% |
Summary: Homes in East Goshen Township had an average of 23 days on market in Oct 2024, up by 224.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was 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 October 2024, 21 homes were sold in East Goshen Township; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
