Is East Caln Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, East Caln Township has remained a Seller's Market.
Key Takeaway
East Caln Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Caln Township, PA
How much do homes in East Caln Township, PA cost?
Median Sold Price
$414,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Caln Township have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in East Caln Township was $414,000 in May 2024, down 6.3% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $179.9K | +9.1% |
| 2 Bedrooms | $242.5K | $246K | +1.4% |
| 3 Bedrooms | $413.7K | $420K | +1.5% |
| 4 Bedrooms | $615K | $550K | -10.6% |
| 5+ Bedrooms | $726K | $725K | -0.1% |
Summary: East Caln Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Downingtown | $459.2K | $522.5K | +13.8% |
| East Brandywine Township | $535.5K | $562.5K | +5.0% |
| Uwchlan Township | $558.5K | $544K | -2.6% |
| Caln Township | $379.9K | $360K | -5.2% |
| East Caln Township | $442K | $414K | -6.3% |
Housing Supply in East Caln Township, PA
How many homes are available in East Caln Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The East Caln Township real estate market had 13 homes for sale in May 2024, a 30.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 8 | +166.7% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The East Caln Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 166.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Caln Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in East Caln Township in May 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for East Caln Township, PA
How long does it take to sell a home in East Caln Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 4 Days | -61.9% |
Summary: Homes in East Caln Township had an average of 4 days on market in May 2024, down by 61.9% compared to last year.
Breakdown of Home Sale Times
3 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 Caln Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in East Caln 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.
