Is Pottstown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$310,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pottstown have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Pottstown was $310,000 in May 2024, up 14.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $78.7K | -37.0% |
| 2 Bedrooms | $190.5K | $200K | +5.0% |
| 3 Bedrooms | $269.9K | $300.3K | +11.3% |
| 4 Bedrooms | $310K | $384.9K | +24.2% |
| 5+ Bedrooms | $354.2K | $410K | +15.7% |
Summary: Pottstown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Cities
| Pottstown | $238.5K | $310K | +30.0% |
| Pottstown | $271.6K | $310K | +14.1% |
| North Coventry Township | $385K | $436K | +13.2% |
| East Coventry Township | $372.5K | $400K | +7.4% |
| Lower Pottsgrove Township | $350K | $342.5K | -2.1% |
Housing Supply in Pottstown, PA
How many homes are available in Pottstown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 187 | 218 | +16.6% |
Summary: The Pottstown real estate market had 218 homes for sale in May 2024, a 16.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 82 | 100 | +22.0% |
| 4 Bedrooms | 73 | 79 | +8.2% |
| 5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The Pottstown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 42 | -16.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pottstown, you could pay more than the asking price. 54.8% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Pottstown in May 2024, down by 16.0% month-over-month. Of the 42 sold homes, 21% were sold under asking, 24% were sold at asking, and 55% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 21 Days | +22.4% |
Summary: Homes in Pottstown had an average of 21 days on market in May 2024, up by 22.4% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pottstown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 42 homes were sold in Pottstown; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
