Is Pottstown, 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, Pottstown has remained a Seller's Market.
Key Takeaway
Pottstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pottstown, PA
How much do homes in Pottstown, PA cost?
Median Sold Price
$310,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pottstown have sold for 30% more than they did a year ago.
Summary: The median home sold price in Pottstown was $310,000 in May 2024, up 30% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $85K | -49.3% |
| 2 Bedrooms | $182.5K | $200K | +9.6% |
| 3 Bedrooms | $225K | $301K | +33.8% |
| 4 Bedrooms | $263K | $383.3K | +45.8% |
| 5+ Bedrooms | $293.5K | $410K | +39.7% |
Summary: Pottstown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.3%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 33.8%, 4 bedroom homes increased by 45.8%, and 5+ bedroom homes increased by 39.7%.
Median Sold Price Compared To Nearby Cities
| Pottstown | $238.5K | $310K | +30.0% |
| West Pottsgrove Township | $215K | $264K | +22.8% |
| Pottstown | $271.6K | $310K | +14.1% |
| Lower Pottsgrove Township | $350K | $342.5K | -2.1% |
Housing Supply in Pottstown, PA
How many homes are available in Pottstown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 189 | 216 | +14.3% |
Summary: The Pottstown real estate market had 216 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 81 | 98 | +21.0% |
| 4 Bedrooms | 76 | 80 | +5.3% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Pottstown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 42 | -17.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pottstown, you could pay more than the asking price. 54.8% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Pottstown in May 2024, down by 17.6% month-over-month. Of the 42 sold homes, 21% were sold under asking, 24% were sold at asking, and 55% were sold over asking.
Days on Market for Pottstown, PA
How long does it take to sell a home in Pottstown, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 21 Days | +27.5% |
Summary: Homes in Pottstown had an average of 21 days on market in May 2024, up by 27.5% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pottstown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 42 homes were sold in Pottstown; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
