$7,113 Closing Credit*
$599,000
1,583 SqFt
2 Beds
•2 Full Baths
Wayne C Megill, Listing Office: Keller Williams Real Estate - West Chester
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 November 2023
At the same time last year, East Marlborough Township was a Buyer's Market.
Key Takeaway
East Marlborough Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Marlborough Township, PA
How much do homes in East Marlborough Township, PA cost?
Median Sold Price
$632,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$38,000(-5.7%)
Key Takeaway
Homes in East Marlborough Township have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in East Marlborough Township was $632,000 in November 2024, down 5.7% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $549.9K | $560K | +1.8% |
| 3 Bedrooms | $562.5K | $510K | -9.3% |
| 4 Bedrooms | $713.7K | $770.5K | +7.9% |
| 5+ Bedrooms | $915K | $1.1M | +20.2% |
Summary: East Marlborough Township 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 increased by 1.8%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Cities
| Kennett Township | $580K | $635K | +9.5% |
| East Marlborough Township | $670K | $632K | -5.7% |
Housing Supply in East Marlborough Township, PA
How many homes are available in East Marlborough Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Summary: The East Marlborough Township real estate market had 23 homes for sale in November 2024, a 14.8% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 16 | 12 | -25.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The East Marlborough Township 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 increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Marlborough Township, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in East Marlborough Township in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 13 Days | -75.7% |
Summary: Homes in East Marlborough Township had an average of 13 days on market in Nov 2024, down by 75.7% 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 Marlborough Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 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.
