Is North Coventry Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Coventry Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, North Coventry Township was a Seller's Market.

Key Takeaway

North Coventry Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Coventry Township, PA

How much do homes in North Coventry Township, PA cost?

Median Sold Price

$433,500

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$71,000(+19.6%)

Key Takeaway

Homes in North Coventry Township have sold for 19.6% more than they did a year ago.

Summary: The median home sold price in North Coventry Township was $433,500 in February 2024, up 19.6% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $192.5K$249.9K
+29.8%
3 $335K$330K
-1.5%
4 $447.5K$503.5K
+12.5%
5+ $500K$441.2K
-11.8%

Summary: North Coventry Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.8%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 11.8%.

Median Sold Price Compared To Nearby Cities

North Coventry Township
+19.6%
Pottstown
+14.5%
West Pottsgrove Township
+14.1%

Housing Supply in North Coventry Township, PA

How many homes are available in North Coventry Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1721+23.5%

Summary: The North Coventry Township real estate market had 21 homes for sale in February 2024, a 23.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 79
+28.6%
4 78
+14.3%
5+ 11
0.0%

Summary: The North Coventry Township housing inventory by bedroom type for February 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 28.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Coventry Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in North Coventry Township in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for North Coventry Township, PA

How long does it take to sell a home in North Coventry Township, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
6 Days5 Days-20.0%

Summary: Homes in North Coventry Township had an average of 5 days on market in Feb 2024, down by 20% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 1 homes were sold in North Coventry Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 28 Days Ago

Newest Listings in North Coventry Township, PA

Nearby Markets to North Coventry Township, PA

What housing markets are near North Coventry Township, PA?