$250,000
1.90 Acres
Land
Megan C Goldstein, Listing Office: BHHS Fox & Roach-Collegeville
Is South Coventry Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, South Coventry Township was a Neutral Market.
Key Takeaway
South Coventry Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Coventry Township, PA
How much do homes in South Coventry Township, PA cost?
Median Sold Price
$458,500
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$36,500(-7.4%)
Key Takeaway
Homes in South Coventry Township have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in South Coventry Township was $458,500 in October 2024, down 7.4% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $244.9K | $249K | +1.7% |
| 2 Bedrooms | $297K | $310.5K | +4.5% |
| 3 Bedrooms | $478K | $479.9K | 0.4% |
| 4 Bedrooms | $607K | $610K | 0.5% |
| 5+ Bedrooms | $530.5K | $607.5K | +14.5% |
Summary: South Coventry Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Cities
| East Coventry Township | $400K | $449K | +12.3% |
| Pottstown | $295K | $315K | +6.8% |
| Warwick Township | $467.5K | $465K | -0.5% |
| South Coventry Township | $495K | $458.5K | -7.4% |
| North Coventry Township | $427.5K | $374.9K | -12.3% |
Housing Supply in South Coventry Township, PA
How many homes are available in South Coventry Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The South Coventry Township real estate market had 9 homes for sale in October 2024, a 10.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The South Coventry Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Coventry Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in South Coventry Township in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for South Coventry Township, PA
How long does it take to sell a home in South Coventry Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 25 Days | +525.0% |
Summary: Homes in South Coventry Township had an average of 25 days on market in Oct 2024, up by 525% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Coventry Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in South Coventry Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
