Is Lower Pottsgrove Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lower Pottsgrove Township is a seller's market

Buyer's
Market

Difference Since April 2022

Since last year, Lower Pottsgrove Township has remained a Seller's Market.

Key Takeaway

Lower Pottsgrove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lower Pottsgrove Township, PA cost?

Median Sold Price

$350,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2022

+$50,000(+16.7%)

Key Takeaway

Homes in Lower Pottsgrove Township have sold for 16.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2022Apr 2023%
1 $150K-
N/A
2 $280K$260K
-7.1%
3 $259.9K$327.5K
+26.0%
4 $337.5K$393K
+16.4%
5+ $375K$422.4K
+12.7%

Median Sold Price Compared To Nearby Cities

Pottstown
+18.7%
Lower Pottsgrove Township
+16.7%
East Coventry Township
+9.4%
Pottstown
+8.8%
Upper Pottsgrove Township
+8.3%

How many homes are available in Lower Pottsgrove Township, PA?

Number of Homes For Sale

Mar 2023Apr 2023%
3626-27.8%

Homes For Sale By Bedroom Count

# BEDSMar 2023Apr 2023%
1 00
0.0%
2 43
-25.0%
3 1611
-31.3%
4 148
-42.9%
5+ 24
+100.0%

Number of Homes Sold

Mar 2023Apr 2023%
1115+36.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lower Pottsgrove Township, you could pay more than the asking price. 73.3% of homes here sold above asking price last month.

Average Sale Time

Apr 2022Apr 2023%
8 Days20 Days+133.3%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lower Pottsgrove Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lower Pottsgrove Township, PA

Number of homes for sale in Lower Pottsgrove Township, PA real estate market have reached 26. Between March 2023 and April 2023, Lower Pottsgrove Township, PA real estate market has seen decrease in the number of listings by 27.8%. In April 2023 median list price was $350,000 and the average listing age was 20 days. From March 2023 through April 2023, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went down by 7.1%, the cost of 3 bedrooms properties went up by 26%, 4 bedrooms properties became 16.4% more expensive, prices of 5 bedrooms properties went up by 12.7%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 25%, 3 bedrooms homes became 31.3% less available, number of 4 bedrooms homes decreased by 42.9%, the quantity of 5 bedrooms homes went up by 100%. While more than 11 listings in Lower Pottsgrove Township, PA in April 2023 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below.

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