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 seller's market

Buyer's
Market

Difference Since November 2022

Since last year, North Coventry Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in North Coventry Township, PA

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

Median Sold Price

$410,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$35,000(+9.3%)

Key Takeaway

Homes in North Coventry Township have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in North Coventry Township was $410,000 in November 2023, up 9.3% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 --
N/A
2 $205K$249.9K
+21.9%
3 $305.5K$350K
+14.6%
4 $527.5K$499.9K
-5.2%
5+ $525K$441.2K
-16.0%

Summary: North Coventry Township housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 16%.

Median Sold Price Compared To Nearby Cities

South Coventry Township
+29.1%
Pottstown
+15.0%
North Coventry Township
+9.3%
East Coventry Township
+5.0%

Housing Supply in North Coventry Township, PA

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

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
2523-8.0%

Summary: The North Coventry Township real estate market had 23 homes for sale in November 2023, a 8.0% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 00
0.0%
2 22
0.0%
3 810
+25.0%
4 1410
-28.6%
5+ 11
0.0%

Summary: The North Coventry Township 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
48+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were 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. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in North Coventry Township in November 2023, up by 100.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% 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

Nov 2022Nov 2023CHANGE
6 Days7 Days+13.0%

Summary: Homes in North Coventry Township had an average of 7 days on market in Nov 2023, up by 13% compared to last year.

Breakdown of Home Sale Times

8 Homes Were 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 November 2023, 8 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 5 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?