Is Wyomissing, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wyomissing has remained a Seller's Market.
Key Takeaway
Wyomissing is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wyomissing, PA
How much do homes in Wyomissing, PA cost?
Median Sold Price
$330,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wyomissing have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in Wyomissing was $330,000 in May 2024, up 16.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $160K | +6.0% |
| 2 Bedrooms | $231.2K | $206K | -10.9% |
| 3 Bedrooms | $274.9K | $286K | +4.0% |
| 4 Bedrooms | $355.2K | $430K | +21.0% |
| 5+ Bedrooms | $494.3K | $530.3K | +7.3% |
Summary: Wyomissing housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 21%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Reading | $180K | $239.9K | +33.3% |
| West Reading | $195.5K | $237.2K | +21.4% |
| Shillington | $197K | $237.5K | +20.6% |
| Wyomissing | $282.5K | $330K | +16.8% |
| Cumru Township | $230.1K | $265K | +15.2% |
Housing Supply in Wyomissing, PA
How many homes are available in Wyomissing, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 36 | +2.9% |
Summary: The Wyomissing real estate market had 36 homes for sale in May 2024, a 2.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Wyomissing housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wyomissing, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Wyomissing in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Wyomissing, PA
How long does it take to sell a home in Wyomissing, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 63 Days | 14 Days | -77.1% |
Summary: Homes in Wyomissing had an average of 14 days on market in May 2024, down by 77.1% compared to last year.
Breakdown of Home Sale Times
12 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 Wyomissing are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Wyomissing; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
