CENTURY21 Advantage Gold Market Report
Norristown, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
Norristown, PA
Wed Apr 02 2025
This week the median list price for Norristown, PA is $840,000 with the market action index hovering around 63. This is about the same as last month's market action index of 63. Inventory has decreased to 14.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.
Real-Time Market Profile
| Median List Price | $840,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $317 | |
| Average Days on Market | 111 | |
| Median Days on Market | 53 | |
| Price Decreased | 14% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 14 | |
| Median Rent | ||
| Market Action | 63 | |
| Strong Seller's Market | ||
The price per square foot is increasing fairly consistently recently despite the fact that overall price trends haven’t shown a consistent upwardly push. This can imply that investment conditions are opportunistic. Watch the Remodel Index for a more detailed analysis of the investment opportunity in the area.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,399,900 | 3,625 | 1 - 2.5 acres | 4 | 3.5 | 4 | 0 | 0 | 161 |
| $1,150,000 | 3,347 | 1 - 2.5 acres | 4 | 3.5 | 1 | 0 | 0 | 161 |
| $632,500 | 3,062 | 0.5 - 1 acre | 4 | 1.5 | 78 | 0 | 1 | 31 |
| $257,500 | 1,660 | 0 - 4,500 sqft | 3 | 1.8 | 130 | 0 | 1 | 10 |