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 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

$315,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,937(+6.8%)

Key Takeaway

Homes in Pottstown have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Pottstown was $315,000 in October 2024, up 6.8% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $85K$103.5K
+21.8%
2 $200K$215K
+7.5%
3 $280.3K$309.2K
+10.3%
4 $360K$395.5K
+9.9%
5+ $404.9K$462.5K
+14.2%

Summary: Pottstown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 14.2%.

Median Sold Price Compared To Nearby Cities

East Coventry Township
+12.3%
Pottstown
+11.4%
Lower Pottsgrove Township
+7.1%
Pottstown
+6.8%
North Coventry Township
-12.3%

Housing Supply in Pottstown, PA

How many homes are available in Pottstown, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
259236-8.9%

Summary: The Pottstown real estate market had 236 homes for sale in October 2024, a 8.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 2018
-10.0%
3 118115
-2.5%
4 10183
-17.8%
5+ 1920
+5.3%

Summary: The Pottstown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8268-17.1%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pottstown, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.

Summary: A total of 68 homes were sold or pending in Pottstown in October 2024, down by 17.1% month-over-month. Of the 68 sold homes, 43% were sold under asking, 21% were sold at asking, and 37% 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

Oct 2023Oct 2024CHANGE
16 Days21 Days+33.4%

Summary: Homes in Pottstown had an average of 21 days on market in Oct 2024, up by 33.4% compared to last year.

Breakdown of Home Sale Times

50 Homes Were Sold
Under 30 Days

16 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.

Summary: During October 2024, 68 homes were sold in Pottstown; 74% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% 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 4 Days Ago

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