Is Kutztown, 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, Kutztown has remained a Seller's Market.
Key Takeaway
Kutztown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kutztown, PA
How much do homes in Kutztown, PA cost?
Median Sold Price
$339,500
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kutztown have sold for 28.1% more than they did a year ago.
Summary: The median home sold price in Kutztown was $339,500 in May 2024, up 28.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $259.9K | +52.9% |
| 2 Bedrooms | $180K | $262.5K | +45.8% |
| 3 Bedrooms | $211.5K | $327.5K | +54.8% |
| 4 Bedrooms | $335.6K | $420K | +25.1% |
| 5+ Bedrooms | $434.9K | $222.5K | -48.8% |
Summary: Kutztown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.9%, 2 bedroom homes increased by 45.8%, 3 bedroom homes increased by 54.8%, 4 bedroom homes increased by 25.1%, and 5+ bedroom homes decreased by 48.8%.
Median Sold Price Compared To Nearby Cities
| Kutztown | $265K | $339.5K | +28.1% |
| Maxatawny Township | $305.5K | $260K | -14.9% |
Housing Supply in Kutztown, PA
How many homes are available in Kutztown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Summary: The Kutztown real estate market had 26 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Kutztown 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kutztown, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Kutztown in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Kutztown, PA
How long does it take to sell a home in Kutztown, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 5 Days | -38.5% |
Summary: Homes in Kutztown had an average of 5 days on market in May 2024, down by 38.5% compared to last year.
Breakdown of Home Sale Times
6 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 Kutztown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Kutztown; 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.
