Is Pottstown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
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
How much do homes in Pottstown, PA cost?
Median Sold Price
$290,196
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Pottstown have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Pottstown was $290,196 in August 2023, up 16.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59.9K | $125K | +108.5% |
| 2 Bedrooms | $175K | $200K | +14.3% |
| 3 Bedrooms | $235K | $280.5K | +19.4% |
| 4 Bedrooms | $336.7K | $335K | -0.5% |
| 5+ Bedrooms | $365K | $409.9K | +12.3% |
Summary: Pottstown housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 108.5%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Pottstown | $195K | $267.5K | +37.2% |
| Pottstown | $248.3K | $290.1K | +16.9% |
| Lower Pottsgrove Township | $320.7K | $341.2K | +6.4% |
| North Coventry Township | $379.2K | $386.5K | +1.9% |
| East Coventry Township | $375K | $372.5K | -0.7% |
Housing Supply
How many homes are available in Pottstown, PA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 235 | 236 | 0.4% |
Summary: The Pottstown real estate market had 236 homes for sale in August 2023, a 0.4% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 15 | 29 | +93.3% |
| 3 Bedrooms | 107 | 114 | +6.5% |
| 4 Bedrooms | 91 | 74 | -18.7% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Pottstown housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 93.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 63 | 64 | +1.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pottstown, you could pay more than the asking price. 64.1% of homes here sold above asking price last month.
Summary: A total of 64 homes were sold or pending in Pottstown in August 2023, up by 1.6% month-over-month. Of the 64 sold homes, 13% were sold under asking, 23% were sold at asking, and 64% were sold over asking.
Days on Market
How long does it take to sell a home in Pottstown, PA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 17 Days | 14 Days | -17.0% |
Summary: Homes in Pottstown had an average of 14 days on market in Aug 2023, down by 17% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pottstown are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 64 homes were sold in Pottstown; 86% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
