Is Schwenksville, 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, Schwenksville was a Seller's Market.
Key Takeaway
Schwenksville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Schwenksville, PA
How much do homes in Schwenksville, PA cost?
Median Sold Price
$500,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Schwenksville have sold for 42.9% more than they did a year ago.
Summary: The median home sold price in Schwenksville was $500,000 in May 2024, up 42.9% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $104.7K | +54.0% |
| 2 Bedrooms | $187.5K | $118.7K | -36.7% |
| 3 Bedrooms | $310K | $371.5K | +19.8% |
| 4 Bedrooms | $621.2K | $632.5K | +1.8% |
| 5+ Bedrooms | $625K | $765.7K | +22.5% |
Summary: Schwenksville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54%, 2 bedroom homes decreased by 36.7%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Cities
| Schwenksville | $350K | $500K | +42.9% |
| Perkiomen Township | $400K | $435K | +8.8% |
| Lower Frederick Township | $325K | $348.5K | +7.2% |
Housing Supply in Schwenksville, PA
How many homes are available in Schwenksville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 38 | +18.8% |
Summary: The Schwenksville real estate market had 38 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 14 | 24 | +71.4% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Schwenksville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 71.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 2 | -81.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Schwenksville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Schwenksville in May 2024, down by 81.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Schwenksville, PA
How long does it take to sell a home in Schwenksville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 7 Days | -64.9% |
Summary: Homes in Schwenksville had an average of 7 days on market in May 2024, down by 64.9% compared to last year.
Breakdown of Home Sale Times
2 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 Schwenksville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Schwenksville; 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.
