Is East Norriton 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 Norriton Township has remained a Seller's Market.
Key Takeaway
East Norriton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Norriton Township, PA
How much do homes in East Norriton Township, PA cost?
Median Sold Price
$355,000
$215/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in East Norriton Township has remained the same since last year.
Summary: The median home sold price in East Norriton Township was $355,000 in May 2024, the same as last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | $280K | -18.8% |
| 2 Bedrooms | $265K | $310K | +17.0% |
| 3 Bedrooms | $340K | $350K | +2.9% |
| 4 Bedrooms | $420K | $460K | +9.5% |
| 5+ Bedrooms | $500K | $500K | 0.0% |
Summary: East Norriton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Blue Bell | $550K | $642.2K | +16.8% |
| Whitpain Township | $590K | $655K | +11.0% |
| Plymouth Township | $483.2K | $500K | +3.5% |
| Worcester Township | $580K | $595K | +2.6% |
| East Norriton Township | $355K | $355K | 0.0% |
Housing Supply in East Norriton Township, PA
How many homes are available in East Norriton Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 59 | +22.9% |
Summary: The East Norriton Township real estate market had 59 homes for sale in May 2024, a 22.9% increase 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 | 14 | 11 | -21.4% |
| 3 Bedrooms | 17 | 28 | +64.7% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The East Norriton Township 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 decreased by 21.4%, 3 bedroom homes increased by 64.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Norriton Township, you could pay more than the asking price. 70.6% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in East Norriton Township in May 2024, up by 54.5% month-over-month. Of the 17 sold homes, 12% were sold under asking, 18% were sold at asking, and 71% were sold over asking.
Days on Market for East Norriton Township, PA
How long does it take to sell a home in East Norriton Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 6 Days | -55.2% |
Summary: Homes in East Norriton Township had an average of 6 days on market in May 2024, down by 55.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Norriton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in East Norriton Township; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
