Is Pottstown, 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, Pottstown has remained a Seller's Market.
Key Takeaway
Pottstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pottstown, PA
How much do homes in Pottstown, PA cost?
Median Sold Price
$305,200
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pottstown have sold for 40% more than they did a year ago.
Summary: The median home sold price in Pottstown was $305,200 in March 2024, up 40% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69.9K | $157.4K | +125.3% |
| 2 Bedrooms | $165K | $202K | +22.4% |
| 3 Bedrooms | $216K | $291.5K | +35.0% |
| 4 Bedrooms | $237.7K | $378.3K | +59.1% |
| 5+ Bedrooms | $235K | $415K | +76.6% |
Summary: Pottstown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 125.3%, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 59.1%, and 5+ bedroom homes increased by 76.6%.
Median Sold Price Compared To Nearby Cities
| Pottstown | $218K | $305.2K | +40.0% |
| West Pottsgrove Township | $220.4K | $267.2K | +21.2% |
| Pottstown | $265.2K | $304.6K | +14.8% |
| Upper Pottsgrove Township | $335K | $366K | +9.3% |
| Lower Pottsgrove Township | $350K | $342.5K | -2.1% |
Housing Supply in Pottstown, PA
How many homes are available in Pottstown, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 222 | 232 | +4.5% |
Summary: The Pottstown real estate market had 232 homes for sale in March 2024, a 4.5% 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 | 15 | 17 | +13.3% |
| 3 Bedrooms | 108 | 115 | +6.5% |
| 4 Bedrooms | 80 | 82 | +2.5% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Pottstown 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 13.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 46 | +17.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pottstown, you could pay more than the asking price. 63% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in Pottstown in March 2024, up by 17.9% month-over-month. Of the 46 sold homes, 24% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Pottstown, PA
How long does it take to sell a home in Pottstown, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 18 Days | -24.8% |
Summary: Homes in Pottstown had an average of 18 days on market in Mar 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pottstown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 46 homes were sold in Pottstown; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
