Is Collegeville, 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, Collegeville has remained a Seller's Market.
Key Takeaway
Collegeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Collegeville, PA
How much do homes in Collegeville, PA cost?
Median Sold Price
$505,050
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Collegeville have sold for 6.4% less than they did a year ago.
Summary: The median home sold price in Collegeville was $505,050 in May 2024, down 6.4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $330K | +6.5% |
| 3 Bedrooms | $395K | $420K | +6.3% |
| 4 Bedrooms | $564.9K | $665K | +17.7% |
| 5+ Bedrooms | $700K | $773.5K | +10.5% |
Summary: Collegeville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Skippack Township | $452.5K | $488K | +7.8% |
| Upper Providence Township | $461K | $484.9K | +5.2% |
| Trappe | $397.5K | $395K | -0.6% |
| Lower Providence Township | $525K | $502.5K | -4.3% |
| Collegeville | $539.8K | $505K | -6.4% |
Housing Supply in Collegeville, PA
How many homes are available in Collegeville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 81 | 83 | +2.5% |
Summary: The Collegeville real estate market had 83 homes for sale in May 2024, a 2.5% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 31 | 26 | -16.1% |
| 4 Bedrooms | 33 | 40 | +21.2% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Collegeville 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 decreased by 16.1%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Collegeville, you could pay more than the asking price. 65.2% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Collegeville in May 2024, up by 35.3% month-over-month. Of the 23 sold homes, 26% were sold under asking, 9% were sold at asking, and 65% were sold over asking.
Days on Market for Collegeville, PA
How long does it take to sell a home in Collegeville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 7 Days | -39.6% |
Summary: Homes in Collegeville had an average of 7 days on market in May 2024, down by 39.6% compared to last year.
Breakdown of Home Sale Times
22 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 Collegeville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Collegeville; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
