Is Falls Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Falls Township has remained a Seller's Market.
Housing Prices in Falls Township, PA
How much do homes in Falls Township, PA cost?
Median Sold Price
$395,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Falls Township was $395,000 in April 2024, up 8.2% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $302.4K | $301K | -0.5% |
3 Bedrooms | $346K | $369.4K | +6.8% |
4 Bedrooms | $376K | $427.5K | +13.7% |
5+ Bedrooms | $517K | $455K | -12.0% |
Summary: Falls Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 12%.
Median Sold Price Compared To Nearby Cities
Trenton | $232.5K | $307.7K | +32.3% |
Morrisville | $315K | $360K | +14.3% |
Falls Township | $365K | $395K | +8.2% |
Bristol Township | $315K | $330K | +4.8% |
Housing Supply in Falls Township, PA
How many homes are available in Falls Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 46 | +7.0% |
Summary: The Falls Township real estate market had 46 homes for sale in April 2024, a 7.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 20 | 26 | +30.0% |
4 Bedrooms | 21 | 16 | -23.8% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Falls Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Falls Township in April 2024, up by 23.1% month-over-month. Of the 16 sold homes, 19% were sold under asking, 38% were sold at asking, and 44% were sold over asking.
Days on Market for Falls Township, PA
How long does it take to sell a home in Falls Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 17 Days | -16.1% |
Summary: Homes in Falls Township had an average of 17 days on market in Apr 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Falls Township; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.