CENTURY21 Advantage Gold Market Report
Norristown, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
Norristown, PA
Thu Apr 25 2024
This week the median list price for Norristown, PA is $589,000 with the market action index hovering around 68. This is an increase over last month's market action index of 67. Inventory has increased to 25.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $589,000 | |
| Median Price of New Listings | $532,000 | |
| Per Square Foot | $229 | |
| Average Days on Market | 80 | |
| Median Days on Market | 35 | |
| Price Decreased | 24% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 25 | |
| Median Rent | ||
| Market Action | 68 | |
| Strong Seller's Market | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $1,649,997 | 5,268 | 1 - 2.5 acres | 5 | 5 | 25 | 2 | 1 | 38 |
| $712,500 | 2,977 | 0.5 - 1 acre | 4 | 3 | 42 | 2 | 0 | 101 |
| $437,450 | 2,315 | 0.25 - 0.5 acre | 4 | 2.5 | 65 | 3 | 3 | 10 |
| $335,000 | 1,536 | 0.25 - 0.5 acre | 4 | 1 | 70 | 3 | 3 | 35 |