Is Collegeville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Collegeville has remained a Seller's Market.
Key Takeaway
Collegeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Collegeville, PA
How much do homes in Collegeville, PA cost?
Median Sold Price
$510,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Collegeville have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Collegeville was $510,000 in April 2024, down 5.6% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $265K | $336K | +26.8% |
| 3 Bedrooms | $395K | $415K | +5.1% |
| 4 Bedrooms | $566K | $659.7K | +16.6% |
| 5+ Bedrooms | $602.5K | $773.5K | +28.4% |
Summary: Collegeville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 28.4%.
Median Sold Price Compared To Nearby Cities
| Skippack Township | $465.5K | $500K | +7.4% |
| Trappe | $385K | $410.5K | +6.6% |
| Upper Providence Township | $475K | $475K | 0.0% |
| Lower Providence Township | $515K | $505K | -1.9% |
| Collegeville | $539.9K | $510K | -5.6% |
Housing Supply in Collegeville, PA
How many homes are available in Collegeville, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 78 | +20.0% |
Summary: The Collegeville real estate market had 78 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 30 | 32 | +6.7% |
| 4 Bedrooms | 25 | 30 | +20.0% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Collegeville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Collegeville, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Collegeville in April 2024, down by 10.5% month-over-month. Of the 17 sold homes, 24% were sold under asking, 12% were sold at asking, and 65% were sold over asking.
Days on Market for Collegeville, PA
How long does it take to sell a home in Collegeville, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 8 Days | -40.0% |
Summary: Homes in Collegeville had an average of 8 days on market in Apr 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Collegeville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Collegeville; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
