Is Royersford, 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, Royersford has remained a Seller's Market.
Key Takeaway
Royersford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Royersford, PA
How much do homes in Royersford, PA cost?
Median Sold Price
$409,375
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Royersford have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Royersford was $409,375 in May 2024, up 12.4% 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 | $230K | $237.5K | +3.3% |
| 2 Bedrooms | $260.5K | $280K | +7.5% |
| 3 Bedrooms | $389.5K | $419K | +7.6% |
| 4 Bedrooms | $437K | $555K | +27.0% |
| 5+ Bedrooms | $302K | $325K | +7.6% |
Summary: Royersford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 27%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Limerick Township | $417K | $472.4K | +13.3% |
| Royersford | $364.2K | $409.3K | +12.4% |
| Upper Providence Township | $461K | $484.9K | +5.2% |
Housing Supply in Royersford, PA
How many homes are available in Royersford, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 65 | 74 | +13.8% |
Summary: The Royersford real estate market had 74 homes for sale in May 2024, a 13.8% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 35 | 40 | +14.3% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Royersford 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 16.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Royersford, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Royersford in May 2024, down by 12.5% month-over-month. Of the 14 sold homes, 36% were sold under asking, 7% were sold at asking, and 57% were sold over asking.
Days on Market for Royersford, PA
How long does it take to sell a home in Royersford, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 13 Days | -37.3% |
Summary: Homes in Royersford had an average of 13 days on market in May 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
13 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 Royersford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Royersford; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
