Is South Coventry Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, South Coventry Township was a Seller's Market.
Key Takeaway
South Coventry Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in South Coventry Township, PA
How much do homes in South Coventry Township, PA cost?
Median Sold Price
$484,950
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Coventry Township have sold for 1% more than they did a year ago.
Summary: The median home sold price in South Coventry Township was $484,950 in May 2024, up 1% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $364.9K | +40.4% |
| 2 Bedrooms | $275K | $310K | +12.7% |
| 3 Bedrooms | $455K | $479.9K | +5.5% |
| 4 Bedrooms | $525K | $725K | +38.1% |
| 5+ Bedrooms | $521K | $540K | +3.6% |
Summary: South Coventry Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.4%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Pottstown | $271.6K | $310K | +14.1% |
| North Coventry Township | $385K | $436K | +13.2% |
| East Coventry Township | $372.5K | $400K | +7.4% |
| Warwick Township | $472.5K | $497.5K | +5.3% |
| South Coventry Township | $480K | $484.9K | +1.0% |
Housing Supply in South Coventry Township, PA
How many homes are available in South Coventry Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The South Coventry Township real estate market had 7 homes for sale in May 2024, a 16.7% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The South Coventry 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Coventry Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in South Coventry Township in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for South Coventry Township, PA
How long does it take to sell a home in South Coventry Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 9 Days | -4.3% |
Summary: Homes in South Coventry Township had an average of 9 days on market in May 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Coventry Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in South Coventry 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.
