$5,758 Closing Credit*
$484,900
1,109 SqFt
1 Bed
•1 Full Bath
Vincent Raymond Blanche, Listing Office: Redfin Corporation
Is King Of Prussia, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, King Of Prussia has remained a Seller's Market.
Key Takeaway
King Of Prussia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in King Of Prussia, PA
How much do homes in King Of Prussia, PA cost?
Median Sold Price
$484,166
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,166(+4.8%)
Key Takeaway
Homes in King Of Prussia have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in King Of Prussia was $484,166 in November 2024, up 4.8% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304.5K | $200K | -34.3% |
| 2 Bedrooms | $300K | $363K | +21.0% |
| 3 Bedrooms | $438.2K | $492.1K | +12.3% |
| 4 Bedrooms | $505K | $550K | +8.9% |
| 5+ Bedrooms | $610K | $730K | +19.7% |
Summary: King Of Prussia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.3%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 19.7%.
Median Sold Price Compared To Nearby Cities
| Bridgeport | $313K | $365K | +16.6% |
| Wayne | $650K | $750K | +15.4% |
| King Of Prussia | $462K | $484.1K | +4.8% |
| Upper Merion Township | $495.3K | $506.5K | +2.3% |
| West Norriton Township | $321K | $315K | -1.9% |
Housing Supply in King Of Prussia, PA
How many homes are available in King Of Prussia, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 79 | +3.9% |
Summary: The King Of Prussia real estate market had 79 homes for sale in November 2024, a 3.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 48 | 48 | 0.0% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The King Of Prussia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in King Of Prussia, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in King Of Prussia in November 2024, the same as the previous month. Of the 19 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% were sold over asking.
Days on Market for King Of Prussia, PA
How long does it take to sell a home in King Of Prussia, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 28 Days | +10.3% |
Summary: Homes in King Of Prussia had an average of 28 days on market in Nov 2024, up by 10.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in King Of Prussia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in King Of Prussia; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
