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.
Housing Prices in Pottstown, PA
How much do homes in Pottstown, PA cost?
Median Sold Price
$304,666
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pottstown was $304,666 in March 2024, up 14.8% 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 | $72.4K | $85K | +17.3% |
2 Bedrooms | $180K | $205K | +13.9% |
3 Bedrooms | $265.5K | $291.1K | +9.6% |
4 Bedrooms | $297.5K | $377.5K | +26.9% |
5+ Bedrooms | $317K | $415K | +30.9% |
Summary: Pottstown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 30.9%.
Median Sold Price Compared To Nearby Cities
Pottstown | $218K | $305.2K | +40.0% |
North Coventry Township | $362.5K | $442.5K | +22.1% |
Pottstown | $265.2K | $304.6K | +14.8% |
Lower Pottsgrove Township | $350K | $342.5K | -2.1% |
East Coventry Township | $416.7K | $400K | -4.0% |
Housing Supply in Pottstown, PA
How many homes are available in Pottstown, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
229 | 238 | +3.9% |
Summary: The Pottstown real estate market had 238 homes for sale in March 2024, a 3.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 16 | 18 | +12.5% |
3 Bedrooms | 111 | 118 | +6.3% |
4 Bedrooms | 82 | 83 | +1.2% |
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 12.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 1.2%, 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
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
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.