CENTURY21 Advantage Gold Market Report
Norristown, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
Norristown, PA
Thu Apr 18 2024
This week the median list price for Norristown, PA is $454,900 with the market action index hovering around 69. This is an increase over last month's market action index of 65. Inventory has decreased to 22.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $454,900 | |
| Median Price of New Listings | $349,000 | |
| Per Square Foot | $241 | |
| Average Days on Market | 87 | |
| Median Days on Market | 49 | |
| Price Decreased | 23% | |
| Price Increased | 0% | |
| Relisted | 5% | |
| Inventory | 22 | |
| Median Rent | ||
| Market Action | 69 | |
| Strong Seller's Market | ||
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,999,995 | 3,442 | 1 - 2.5 acres | 4 | 4 | 26 | 0 | 0 | 70 |
| $685,000 | 2,940 | 0.5 - 1 acre | 4 | 3 | 71 | 0 | 0 | 140 |
| $399,900 | 2,315 | 0.25 - 0.5 acre | 3 | 2 | 68 | 3 | 1 | 24 |
| $332,450 | 1,431 | 0.25 - 0.5 acre | 3 | 1 | 70 | 4 | 1 | 3 |