Is Berks County, 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, Berks County has remained a Seller's Market.
Key Takeaway
Berks County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berks County, PA
How much do homes in Berks County, PA cost?
Median Sold Price
$265,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Berks County have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Berks County was $265,000 in April 2024, up 10.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131K | $140K | +6.9% |
| 2 Bedrooms | $185.4K | $200.3K | +8.0% |
| 3 Bedrooms | $230.6K | $260.5K | +12.9% |
| 4 Bedrooms | $330K | $347.1K | +5.2% |
| 5+ Bedrooms | $180K | $225K | +25.0% |
Summary: Berks County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Counties
| Berks County | $240.1K | $265K | +10.4% |
| Lehigh County | $296.3K | $320.1K | +8.0% |
| Lebanon County | $245.6K | $264.9K | +7.9% |
| Chester County | $469.9K | $503K | +7.0% |
| Schuylkill County | $134.9K | $134.8K | -0.1% |
Housing Supply in Berks County, PA
How many homes are available in Berks County, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 898 | 917 | +2.1% |
Summary: The Berks County real estate market had 917 homes for sale in April 2024, a 2.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 8 | -27.3% |
| 2 Bedrooms | 95 | 101 | +6.3% |
| 3 Bedrooms | 404 | 408 | +1.0% |
| 4 Bedrooms | 269 | 284 | +5.6% |
| 5+ Bedrooms | 119 | 116 | -2.5% |
Summary: The Berks County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 281 | 245 | -12.8% |
Asking Price vs. Sold Price
77 Homes Were Sold
Under Asking
62 Homes Were Sold
At Asking
106 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berks County, you could pay more than the asking price. 43.3% of homes here sold above asking price last month.
Summary: A total of 245 homes were sold or pending in Berks County in April 2024, down by 12.8% month-over-month. Of the 245 sold homes, 31% were sold under asking, 25% were sold at asking, and 43% were sold over asking.
Days on Market for Berks County, PA
How long does it take to sell a home in Berks County, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 23 Days | +14.4% |
Summary: Homes in Berks County had an average of 23 days on market in Apr 2024, up by 14.4% compared to last year.
Breakdown of Home Sale Times
200 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berks County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 245 homes were sold in Berks County; 82% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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