Is Berks County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
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
$264,937
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130.5K | $137.2K | +5.2% |
2 Bedrooms | $185K | $203.5K | +10.0% |
3 Bedrooms | $226K | $260K | +15.0% |
4 Bedrooms | $330.9K | $340.6K | +2.9% |
5+ Bedrooms | $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 | $240K | $264.9K | +10.4% |
Lehigh County | $289.4K | $319.1K | +10.3% |
Lebanon County | $240K | $259.6K | +8.2% |
Chester County | $463K | $500.2K | +8.0% |
Schuylkill County | $125K | $132.8K | +6.3% |
Housing Supply in Berks County, PA
How many homes are available in Berks County, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,156 | 1,148 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 11 | +22.2% |
2 Bedrooms | 91 | 97 | +6.6% |
3 Bedrooms | 479 | 458 | -4.4% |
4 Bedrooms | 385 | 389 | +1.0% |
5+ Bedrooms | 192 | 193 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
229 | 214 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
30 Days | 31 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
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.