CENTURY21 Advantage Gold Market Report

Norristown, PA

Single-Family Homes

CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701



Norristown, PA

Sun May 29 2022
This week the median list price for Norristown, PA is $389,900 with the market action index hovering around 73. This is less than last month's market action index of 77. Inventory has increased to 47. Click here to stay informed with the Norristown market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Norristown, PA

Sun May 29 2022
This week the median list price for Norristown, PA is $389,900 with the market action index hovering around 73. This is less than last month's market action index of 77. Inventory has increased to 47. Click here to stay informed with the Norristown market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Norristown market.
Median List Price $389,900
Median Price of New Listings $374,450
Per Square Foot $209
Average Days on Market 49
Median Days on Market 14
Price Decreased 26%
Price Increased 2%
Relisted 13%
Inventory 47
Median Rent
Market Action 73
Strong Seller's Market

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

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
$1,293,995 3,734 0.5 - 1 acre 4 4 96 2 1 14
$469,950 2,470 0.25 - 0.5 acre 4 3 56 4 5 7
$369,000 1,773 0.25 - 0.5 acre 3 2 68 6 2 3
$250,000 1,213 6,500 - 8,000 sqft 3 1 72 6 4 28