Is Royersford, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Royersford has remained a Seller's Market.
Key Takeaway
Royersford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Royersford, PA
How much do homes in Royersford, PA cost?
Median Sold Price
$405,866
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Royersford have sold for 16% more than they did a year ago.
Summary: The median home sold price in Royersford was $405,866 in April 2024, up 16% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $237.5K | +3.3% |
| 2 Bedrooms | $275K | $276.5K | 0.5% |
| 3 Bedrooms | $372.7K | $415K | +11.3% |
| 4 Bedrooms | $412.4K | $545K | +32.1% |
| 5+ Bedrooms | $274.5K | $655K | +138.6% |
Summary: Royersford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 32.1%, and 5+ bedroom homes increased by 138.6%.
Median Sold Price Compared To Nearby Cities
| Royersford | $350K | $405.8K | +16.0% |
| Limerick Township | $401.2K | $465K | +15.9% |
| Upper Providence Township | $475K | $475K | 0.0% |
Housing Supply in Royersford, PA
How many homes are available in Royersford, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 65 | +22.6% |
Summary: The Royersford real estate market had 65 homes for sale in April 2024, a 22.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 27 | 35 | +29.6% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Royersford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 29.6%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Royersford, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Royersford in April 2024, the same as the previous month. Of the 16 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.
Days on Market for Royersford, PA
How long does it take to sell a home in Royersford, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 15 Days | +10.0% |
Summary: Homes in Royersford had an average of 15 days on market in Apr 2024, up by 10% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Royersford are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Royersford; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
