Is Phoenixville, 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, Phoenixville has remained a Seller's Market.
Key Takeaway
Phoenixville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Phoenixville, PA
How much do homes in Phoenixville, PA cost?
Median Sold Price
$445,060
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Phoenixville have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Phoenixville was $445,060 in May 2024, up 4.7% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225.5K | $241K | +6.9% |
| 2 Bedrooms | $309.2K | $340K | +9.9% |
| 3 Bedrooms | $400K | $422.5K | +5.6% |
| 4 Bedrooms | $586.8K | $705K | +20.1% |
| 5+ Bedrooms | $738.7K | $662.4K | -10.3% |
Summary: Phoenixville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes decreased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Schuylkill Township | $573.6K | $662.5K | +15.5% |
| East Pikeland Township | $417.5K | $440K | +5.4% |
| Upper Providence Township | $461K | $484.9K | +5.2% |
| Phoenixville | $425K | $445K | +4.7% |
Housing Supply in Phoenixville, PA
How many homes are available in Phoenixville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 126 | 143 | +13.5% |
Summary: The Phoenixville real estate market had 143 homes for sale in May 2024, a 13.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 69 | 80 | +15.9% |
| 4 Bedrooms | 28 | 32 | +14.3% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Phoenixville 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 9.1%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 26 | -18.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Phoenixville, you could pay more than the asking price. 73.1% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Phoenixville in May 2024, down by 18.8% month-over-month. Of the 26 sold homes, 19% were sold under asking, 8% were sold at asking, and 73% were sold over asking.
Days on Market for Phoenixville, PA
How long does it take to sell a home in Phoenixville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 11 Days | -21.2% |
Summary: Homes in Phoenixville had an average of 11 days on market in May 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Phoenixville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 26 homes were sold in Phoenixville; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
