Is East Greenville, 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 Greenville has remained a Seller's Market.
Key Takeaway
East Greenville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Greenville, PA
How much do homes in East Greenville, PA cost?
Median Sold Price
$350,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Greenville have sold for 44.6% more than they did a year ago.
Summary: The median home sold price in East Greenville was $350,000 in May 2024, up 44.6% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $226.5K | -9.4% |
| 3 Bedrooms | $226.5K | $262K | +15.7% |
| 4 Bedrooms | $250K | $428.7K | +71.5% |
| 5+ Bedrooms | - | $607.5K | N/A |
Summary: East Greenville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 71.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| East Greenville | $242K | $350K | +44.6% |
| Pennsburg | $327.2K | $430K | +31.4% |
| Upper Hanover Township | $411.2K | $482.4K | +17.3% |
Housing Supply in East Greenville, PA
How many homes are available in East Greenville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Summary: The East Greenville real estate market had 8 homes for sale in May 2024, a 33.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 1 | -83.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East Greenville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 83.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Greenville, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in East Greenville in May 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for East Greenville, PA
How long does it take to sell a home in East Greenville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 8 Days | +96.2% |
Summary: Homes in East Greenville had an average of 8 days on market in May 2024, up by 96.2% compared to last year.
Breakdown of Home Sale Times
2 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 Greenville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in East Greenville; 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.
