Is Berks County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Berks County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $109K | $137.2K | +25.9% |
2 Bedrooms | $180K | $201.6K | +12.0% |
3 Bedrooms | $225K | $256.2K | +13.9% |
4 Bedrooms | $325.2K | $336K | +3.3% |
5+ Bedrooms | $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 | $235.4K | $260.1K | +10.5% |
Lehigh County | $283.8K | $310K | +9.2% |
Chester County | $455.9K | $495.5K | +8.7% |
Lebanon County | $240.1K | $259.7K | +8.2% |
Schuylkill County | $126.2K | $130.1K | +3.1% |
Housing Supply in Berks County, PA
How many homes are available in Berks County, PA?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
1,339 | 1,224 | -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
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 125 | 116 | -7.2% |
3 Bedrooms | 570 | 528 | -7.4% |
4 Bedrooms | 434 | 382 | -12.0% |
5+ Bedrooms | 202 | 190 | -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 2023 | Nov 2023 | CHANGE |
---|---|---|
325 | 268 | -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
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 2022 | Nov 2023 | CHANGE |
---|---|---|
20 Days | 16 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
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.