Is Berks County, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berks County is a seller's market

Buyer's
Market

Difference Since November 2022

Since last year, Berks County has remained a Seller's Market.

Key Takeaway

Berks County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Berks County, PA

How much do homes in Berks County, PA cost?

Median Sold Price

$260,151

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$24,669(+10.5%)

Key Takeaway

Homes in Berks County have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Berks County was $260,151 in November 2023, up 10.5% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $109K$137.2K
+25.9%
2 $180K$201.6K
+12.0%
3 $225K$256.2K
+13.9%
4 $325.2K$336K
+3.3%
5+ $203.5K$190.2K
-6.5%

Summary: Berks County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 6.5%.

Median Sold Price Compared To Nearby Counties

Berks County
+10.5%
Lehigh County
+9.2%
Chester County
+8.7%
Lebanon County
+8.2%
Schuylkill County
+3.1%

Housing Supply in Berks County, PA

How many homes are available in Berks County, PA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
1,3391,224-8.6%

Summary: The Berks County real estate market had 1,224 homes for sale in November 2023, a 8.6% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 88
0.0%
2 125116
-7.2%
3 570528
-7.4%
4 434382
-12.0%
5+ 202190
-5.9%

Summary: The Berks County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
325268-17.5%

Asking Price vs. Sold Price

75 Homes Were Sold
Under Asking

65 Homes Were Sold
At Asking

128 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berks County, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.

Summary: A total of 268 homes were sold or pending in Berks County in November 2023, down by 17.5% month-over-month. Of the 268 sold homes, 28% were sold under asking, 24% were sold at asking, and 48% were sold over asking.

Days on Market for Berks County, PA

How long does it take to sell a home in Berks County, PA?

Average Sale Time

Nov 2022Nov 2023CHANGE
20 Days16 Days-17.8%

Summary: Homes in Berks County had an average of 16 days on market in Nov 2023, down by 17.8% compared to last year.

Breakdown of Home Sale Times

233 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Berks County are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 268 homes were sold in Berks County; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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