Is Phoenixville, 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, Phoenixville has remained a Seller's Market.
Key Takeaway
Phoenixville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Phoenixville, PA
How much do homes in Phoenixville, PA cost?
Median Sold Price
$440,355
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Phoenixville have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Phoenixville was $440,355 in March 2024, up 10.1% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $231.1K | +2.7% |
| 2 Bedrooms | $280K | $321K | +14.6% |
| 3 Bedrooms | $382.5K | $420.2K | +9.9% |
| 4 Bedrooms | $550K | $688.5K | +25.2% |
| 5+ Bedrooms | $617.5K | $718.5K | +16.4% |
Summary: Phoenixville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Schuylkill Township | $535K | $645K | +20.6% |
| Mont Clare | $179.9K | $205K | +14.0% |
| Phoenixville | $400K | $440.3K | +10.1% |
| East Pikeland Township | $401.5K | $440K | +9.6% |
| Upper Providence Township | $470K | $467.5K | -0.5% |
Housing Supply in Phoenixville, PA
How many homes are available in Phoenixville, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 124 | 143 | +15.3% |
Summary: The Phoenixville real estate market had 143 homes for sale in March 2024, a 15.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 58 | 74 | +27.6% |
| 4 Bedrooms | 36 | 39 | +8.3% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Phoenixville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Phoenixville, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Phoenixville in March 2024, up by 12.5% month-over-month. Of the 27 sold homes, 30% were sold under asking, 22% were sold at asking, and 48% were sold over asking.
Days on Market for Phoenixville, PA
How long does it take to sell a home in Phoenixville, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 20 Days | +5.9% |
Summary: Homes in Phoenixville had an average of 20 days on market in Mar 2024, up by 5.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Phoenixville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in Phoenixville; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
