Is Pottstown, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pottstown is a neutral's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Pottstown was a Buyer's Market.

Key Takeaway

Pottstown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Pottstown, PA

How much do homes in Pottstown, PA cost?

Median Sold Price

$294,950

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$94,950(+47.5%)

Key Takeaway

Homes in Pottstown have sold for 47.5% more than they did a year ago.

Summary: The median home sold price in Pottstown was $294,950 in January 2024, up 47.5% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $69.9K$229.9K
+228.9%
2 $165K$200K
+21.2%
3 $206.5K$275K
+33.1%
4 $216.7K$365.8K
+68.8%
5+ $196.5K$395K
+101.0%

Summary: Pottstown housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 228.9%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 33.1%, 4 bedroom homes increased by 68.8%, and 5+ bedroom homes increased by 101%.

Median Sold Price Compared To Nearby Cities

Pottstown
+47.5%
Pottstown
+13.4%
West Pottsgrove Township
+11.1%
Upper Pottsgrove Township
+10.6%
Lower Pottsgrove Township
-3.2%

Housing Supply in Pottstown, PA

How many homes are available in Pottstown, PA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
199187-6.0%

Summary: The Pottstown real estate market had 187 homes for sale in January 2024, a 6.0% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 11
0.0%
2 178
-52.9%
3 9999
0.0%
4 6967
-2.9%
5+ 1312
-7.7%

Summary: The Pottstown housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 52.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
5630-46.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pottstown, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in Pottstown in January 2024, down by 46.4% month-over-month. Of the 30 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% 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

Jan 2023Jan 2024CHANGE
25 Days19 Days-22.9%

Summary: Homes in Pottstown had an average of 19 days on market in Jan 2024, down by 22.9% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 30 homes were sold in Pottstown; 80% of homes were sold within 30 days, 20% 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 26 Days Ago

Newest Listings in Pottstown, PA

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