$4,156 Closing Credit*
$350,000
1,526 SqFt
3 Beds
•2 Full Baths, 1 Partial
Michele R Colavecchi Lawless, Listing Office: RE/MAX Associates-Wilmington
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 October 2023
Since last year, East Marlborough Township has remained a Seller'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
$636,500
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$19,000(-2.9%)
Key Takeaway
Homes in East Marlborough Township have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in East Marlborough Township was $636,500 in October 2024, down 2.9% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $549.9K | $560K | +1.8% |
| 3 Bedrooms | $550K | $512.5K | -6.8% |
| 4 Bedrooms | $713.7K | $751K | +5.2% |
| 5+ Bedrooms | $910K | $1.1M | +20.9% |
Summary: East Marlborough 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 1.8%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 20.9%.
Median Sold Price Compared To Nearby Cities
| Kennett Township | $567.5K | $652.2K | +14.9% |
| East Marlborough Township | $655.5K | $636.5K | -2.9% |
Housing Supply in East Marlborough Township, PA
How many homes are available in East Marlborough Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Summary: The East Marlborough Township real estate market had 27 homes for sale in October 2024, a 3.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The East Marlborough Township 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 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. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in East Marlborough Township in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 15 Days | -77.7% |
Summary: Homes in East Marlborough Township had an average of 15 days on market in Oct 2024, down by 77.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 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 October 2024, 8 homes were sold in East Marlborough Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
