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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pottstown is a seller's market

Buyer's
Market

Difference Since October 2021

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.

How much do homes in Pottstown, PA cost?

Median Sold Price

$251,581

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$26,331(+11.7%)

Key Takeaway

Homes in Pottstown have sold for 11.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $133K$69.9K
-47.4%
2 $152.9K$174.2K
+14.0%
3 $223.4K$250K
+11.9%
4 $271.3K$290.3K
+7.0%
5+ $375K$375K
0.0%

Median Sold Price Compared To Nearby Cities

East Coventry Township
+19.7%
Lower Pottsgrove Township
+16.1%
Pottstown
+15.1%
Pottstown
+11.7%
North Coventry Township
+3.6%

How many homes are available in Pottstown, PA?

Number of Homes For Sale

Sep 2022Oct 2022%
279228-18.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 33
0.0%
2 2022
+10.0%
3 146116
-20.5%
4 9271
-22.8%
5+ 1816
-11.1%

Number of Homes Sold

Sep 2022Oct 2022%
9864-34.7%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

30 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. 46.9% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
11 Days19 Days+68.3%

Breakdown of Home Sale Times

52 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Pottstown, PA

Homes for sale in Pottstown, PA have reached 228. The number of homes for sale in Pottstown, PA decreased by 18.3% between September 2022 and October 2022. Listings spent 19 days on the market in October 2022, and had a median list price of $251,581 during the same period. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties decreased by 47.4%, prices of 2 bedrooms properties went up by 14%, prices of 3 bedrooms properties increased by 11.9%, prices of 4 bedrooms properties went up by 7%, 5 bedrooms properties did not move. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went up by 10%, number of 3 bedrooms homes decreased by 20.5%, 4 bedrooms homes inventory decreased by 22.8%, the quantity of 5 bedrooms homes went down by 11.1%. In October 2022 more than 30 listings in Pottstown, PA were sold above the asking price. During the same period more than 18 listings were sold at asking price, while more than 16 were sold below.

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