Is Wyomissing, 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, Wyomissing has remained a Seller's Market.
Key Takeaway
Wyomissing is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wyomissing, PA
How much do homes in Wyomissing, PA cost?
Median Sold Price
$338,100
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wyomissing have sold for 20.8% more than they did a year ago.
Summary: The median home sold price in Wyomissing was $338,100 in April 2024, up 20.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $160K | +6.0% |
| 2 Bedrooms | $231.2K | $205K | -11.4% |
| 3 Bedrooms | $270K | $310K | +14.8% |
| 4 Bedrooms | $355.2K | $412.5K | +16.1% |
| 5+ Bedrooms | $494.3K | $540K | +9.2% |
Summary: Wyomissing housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
| Reading | $172.4K | $235.6K | +36.7% |
| West Reading | $190.4K | $236K | +23.9% |
| Wyomissing | $280K | $338.1K | +20.8% |
| Shillington | $197K | $235K | +19.3% |
| Cumru Township | $230K | $265K | +15.2% |
Housing Supply in Wyomissing, PA
How many homes are available in Wyomissing, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Summary: The Wyomissing real estate market had 31 homes for sale in April 2024, a 14.8% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Wyomissing 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 increased by 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 10 | +233.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wyomissing, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Wyomissing in April 2024, up by 233.3% month-over-month. Of the 10 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 92 Days | +1277.7% |
Summary: Homes in Wyomissing had an average of 92 days on market in Apr 2024, up by 1277.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 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 April 2024, 10 homes were sold in Wyomissing; 70% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
