Is Pottstown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$310,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Pottstown have sold for 24% more than they did a year ago.
Summary: The median home sold price in Pottstown was $310,000 in June 2024, up 24% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $85K | -67.3% |
| 2 Bedrooms | $182.5K | $207.7K | +13.8% |
| 3 Bedrooms | $240K | $310K | +29.2% |
| 4 Bedrooms | $281K | $380.1K | +35.3% |
| 5+ Bedrooms | $325.2K | $407.5K | +25.3% |
Summary: Pottstown housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 67.3%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 25.3%.
Median Sold Price Compared To Nearby Cities
| Pottstown | $249.9K | $310K | +24.0% |
| West Pottsgrove Township | $215K | $266.5K | +24.0% |
| Upper Pottsgrove Township | $340.2K | $399.9K | +17.6% |
| Pottstown | $275K | $310K | +12.7% |
| Lower Pottsgrove Township | $349.9K | $341.2K | -2.5% |
Housing Supply in Pottstown, PA
How many homes are available in Pottstown, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 217 | 230 | +6.0% |
Summary: The Pottstown real estate market had 230 homes for sale in June 2024, a 6.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 99 | 109 | +10.1% |
| 4 Bedrooms | 82 | 84 | +2.4% |
| 5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Pottstown housing inventory by bedroom type for June 2024 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 10.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 64 | 65 | +1.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pottstown, you could pay more than the asking price. 56.9% of homes here sold above asking price last month.
Summary: A total of 65 homes were sold or pending in Pottstown in June 2024, up by 1.6% month-over-month. Of the 65 sold homes, 25% were sold under asking, 18% were sold at asking, and 57% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 12 Days | 15 Days | +21.7% |
Summary: Homes in Pottstown had an average of 15 days on market in Jun 2024, up by 21.7% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
3 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 June 2024, 65 homes were sold in Pottstown; 92% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
