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 February 2023

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

$264,937

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$24,925(+10.4%)

Key Takeaway

Homes in Berks County have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Berks County was $264,937 in February 2024, up 10.4% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $130.5K$137.2K
+5.2%
2 $185K$203.5K
+10.0%
3 $226K$260K
+15.0%
4 $330.9K$340.6K
+2.9%
5+ $190K$208.3K
+9.6%

Summary: Berks County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 9.6%.

Median Sold Price Compared To Nearby Counties

Berks County
+10.4%
Lehigh County
+10.3%
Lebanon County
+8.2%
Chester County
+8.0%
Schuylkill County
+6.3%

Housing Supply in Berks County, PA

How many homes are available in Berks County, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,1561,148-0.7%

Summary: The Berks County real estate market had 1,148 homes for sale in February 2024, a 0.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 911
+22.2%
2 9197
+6.6%
3 479458
-4.4%
4 385389
+1.0%
5+ 192193
0.5%

Summary: The Berks County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 0.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
229214-6.6%

Asking Price vs. Sold Price

76 Homes Were Sold
Under Asking

47 Homes Were Sold
At Asking

91 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. 42.5% of homes here sold above asking price last month.

Summary: A total of 214 homes were sold or pending in Berks County in February 2024, down by 6.6% month-over-month. Of the 214 sold homes, 36% were sold under asking, 22% were sold at asking, and 43% 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

Feb 2023Feb 2024CHANGE
30 Days31 Days+1.1%

Summary: Homes in Berks County had an average of 31 days on market in Feb 2024, up by 1.1% compared to last year.

Breakdown of Home Sale Times

149 Homes Were Sold
Under 30 Days

47 Homes Were Sold
In 30 - 90 Days

18 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 February 2024, 214 homes were sold in Berks County; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% 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 18 Days Ago

Newest Listings in Berks County, PA

Nearby Markets to Berks County, PA

What housing markets are near Berks County, PA?