Is Wyomissing, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Wyomissing was a Seller's Market.
Key Takeaway
Wyomissing is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wyomissing, PA
How much do homes in Wyomissing, PA cost?
Median Sold Price
$335,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wyomissing have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in Wyomissing was $335,000 in March 2024, up 17.5% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $160K | +6.0% |
| 2 Bedrooms | $222.5K | $206K | -7.4% |
| 3 Bedrooms | $279.9K | $297.5K | +6.3% |
| 4 Bedrooms | $357.7K | $430K | +20.2% |
| 5+ Bedrooms | $555K | $530.3K | -4.4% |
Summary: Wyomissing housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Reading | $150K | $234.4K | +56.3% |
| Wyomissing | $285K | $335K | +17.5% |
| Shillington | $196K | $227.9K | +16.3% |
| Cumru Township | $230K | $265K | +15.2% |
Housing Supply in Wyomissing, PA
How many homes are available in Wyomissing, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 37 | -5.1% |
Summary: The Wyomissing real estate market had 37 homes for sale in March 2024, a 5.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Wyomissing 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 16.7%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wyomissing, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Wyomissing in March 2024, down by 75.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Wyomissing, PA
How long does it take to sell a home in Wyomissing, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 26 Days | +4.8% |
Summary: Homes in Wyomissing had an average of 26 days on market in Mar 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wyomissing are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Wyomissing; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
