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.
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
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
| # 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
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 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
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.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
The multiple listing information is provided by West Penn Multi-List, Inc. Information deemed reliable, but not guaranteed. IDX info provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change, or withdrawal. Listings displaying the IDX logo belong to brokers other than this broker. Neither the listing broker(s) nor this broker or the MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.