CENTURY21 Advantage Gold Market Report
King of Prussia, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
King of Prussia, PA
Thu Apr 25 2024
This week the median list price for King of Prussia, PA is $647,450 with the market action index hovering around 46. This is an increase over last month's market action index of 41. Inventory has held steady at or around 12.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Real-Time Market Profile
| Median List Price | $647,450 | |
| Median Price of New Listings | $385,000 | |
| Per Square Foot | $293 | |
| Average Days on Market | 134 | |
| Median Days on Market | 77 | |
| Price Decreased | 17% | |
| Price Increased | 25% | |
| Relisted | 0% | |
| Inventory | 12 | |
| Median Rent | ||
| Market Action | 46 | |
| Strong Seller's Market | ||
Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $987,995 | 3,339 | 0.25 - 0.5 acre | 4 | 4 | 0 | 0 | 0 | 182 |
| $794,900 | 2,726 | 0.5 - 1 acre | 4 | 3 | 75 | 0 | 0 | 378 |
| $584,000 | 1,672 | 0.25 - 0.5 acre | 4 | 2 | 66 | 1 | 0 | 14 |
| $359,900 | 1,152 | 6,500 - 8,000 sqft | 3 | 1 | 73 | 2 | 1 | 0 |