Is Lower Pottsgrove Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lower Pottsgrove Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Lower Pottsgrove Township has remained a Seller's Market.

Key Takeaway

Lower Pottsgrove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lower Pottsgrove Township, PA

How much do homes in Lower Pottsgrove Township, PA cost?

Median Sold Price

$357,500

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,750(+7.1%)

Key Takeaway

Homes in Lower Pottsgrove Township have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Lower Pottsgrove Township was $357,500 in October 2024, up 7.1% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $230K$250K
+8.7%
3 $310K$313.2K
+1.0%
4 $400.7K$412.5K
+2.9%
5+ $449.9K$564.9K
+25.5%

Summary: Lower Pottsgrove Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 25.5%.

Median Sold Price Compared To Nearby Cities

East Coventry Township
+12.3%
Pottstown
+11.4%
Upper Pottsgrove Township
+7.3%
Lower Pottsgrove Township
+7.1%
Pottstown
+6.8%

Housing Supply in Lower Pottsgrove Township, PA

How many homes are available in Lower Pottsgrove Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4446+4.5%

Summary: The Lower Pottsgrove Township real estate market had 46 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1924
+26.3%
4 2218
-18.2%
5+ 12
+100.0%

Summary: The Lower Pottsgrove Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.3%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
11110.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lower Pottsgrove Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Lower Pottsgrove Township in October 2024, the same as the previous month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.

Days on Market for Lower Pottsgrove Township, PA

How long does it take to sell a home in Lower Pottsgrove Township, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days16 Days+67.2%

Summary: Homes in Lower Pottsgrove Township had an average of 16 days on market in Oct 2024, up by 67.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lower Pottsgrove Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in Lower Pottsgrove Township; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Lower Pottsgrove Township, PA

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