Is Kutztown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Kutztown has remained a Seller's Market.
Key Takeaway
Kutztown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kutztown, PA
How much do homes in Kutztown, PA cost?
Median Sold Price
$335,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kutztown have sold for 59.9% more than they did a year ago.
Summary: The median home sold price in Kutztown was $335,000 in March 2024, up 59.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $240K | +41.2% |
| 2 Bedrooms | $180K | $262.5K | +45.8% |
| 3 Bedrooms | $207K | $308K | +48.8% |
| 4 Bedrooms | $313.7K | $386K | +23.0% |
| 5+ Bedrooms | $255K | $240K | -5.9% |
Summary: Kutztown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.2%, 2 bedroom homes increased by 45.8%, 3 bedroom homes increased by 48.8%, 4 bedroom homes increased by 23%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in Kutztown, PA
How many homes are available in Kutztown, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The Kutztown real estate market had 27 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Kutztown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kutztown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Kutztown in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Kutztown, PA
How long does it take to sell a home in Kutztown, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 30 Days | +48.8% |
Summary: Homes in Kutztown had an average of 30 days on market in Mar 2024, up by 48.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kutztown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Kutztown; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
