Is Berks County, 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, 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
$265,482
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Berks County have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Berks County was $265,482 in May 2024, up 8.7% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $147K | +13.1% |
| 2 Bedrooms | $185K | $205K | +10.8% |
| 3 Bedrooms | $234.9K | $262.8K | +11.9% |
| 4 Bedrooms | $330K | $349.9K | +6.1% |
| 5+ Bedrooms | $176K | $225K | +27.8% |
Summary: Berks County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 27.8%.
Median Sold Price Compared To Nearby Counties
| Berks County | $244.2K | $265.4K | +8.7% |
| Lehigh County | $300.1K | $322.5K | +7.5% |
| Lebanon County | $248.3K | $266.7K | +7.4% |
| Chester County | $476.5K | $509.2K | +6.9% |
| Schuylkill County | $132.8K | $136.3K | +2.6% |
Housing Supply in Berks County, PA
How many homes are available in Berks County, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 972 | 1,035 | +6.5% |
Summary: The Berks County real estate market had 1,035 homes for sale in May 2024, a 6.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 109 | 116 | +6.4% |
| 3 Bedrooms | 433 | 458 | +5.8% |
| 4 Bedrooms | 294 | 308 | +4.8% |
| 5+ Bedrooms | 127 | 142 | +11.8% |
Summary: The Berks County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 260 | 252 | -3.1% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
70 Homes Were Sold
At Asking
115 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berks County, you could pay more than the asking price. 45.6% of homes here sold above asking price last month.
Summary: A total of 252 homes were sold or pending in Berks County in May 2024, down by 3.1% month-over-month. Of the 252 sold homes, 27% were sold under asking, 28% were sold at asking, and 46% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 18 Days | -10.0% |
Summary: Homes in Berks County had an average of 18 days on market in May 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
221 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
10 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 May 2024, 252 homes were sold in Berks County; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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