Is West Fallowfield Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Fallowfield Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, West Fallowfield Township has remained a Seller's Market.

Key Takeaway

West Fallowfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Fallowfield Township, PA

How much do homes in West Fallowfield Township, PA cost?

Median Sold Price

$509,890

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$100,390(+24.5%)

Key Takeaway

Homes in West Fallowfield Township have sold for 24.5% more than they did a year ago.

Summary: The median home sold price in West Fallowfield Township was $509,890 in September 2024, up 24.5% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $409.5K$482.5K
+17.8%
4 $616.5K$525K
-14.8%
5+ -$869K
N/A

Summary: West Fallowfield Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.8%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

West Fallowfield Township
+24.5%
Atglen
+7.8%
Cochranville
-3.0%

Housing Supply in West Fallowfield Township, PA

How many homes are available in West Fallowfield Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
10100.0%

Summary: The West Fallowfield Township real estate market had 10 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 33
0.0%
3 33
0.0%
4 33
0.0%
5+ 11
0.0%

Summary: The West Fallowfield Township housing inventory by bedroom type for September 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 remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Fallowfield Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in West Fallowfield Township in September 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for West Fallowfield Township, PA

How long does it take to sell a home in West Fallowfield Township, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
3 Days23 Days+688.9%

Summary: Homes in West Fallowfield Township had an average of 23 days on market in Sep 2024, up by 688.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Fallowfield Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in West Fallowfield Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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