King of Prussia Real Estate Market Sees Sales Fall

The King of Prussia market broke below its 12-month average sales volume this week as sales slid 22.2% to hit 14 homes sold over the last 30 days. Meanwhile, close-by Norristown reported 29 homes sales, the highest number from all the surrounding cities. Prices are falling in King of Prussia, and this period the median price of all sales fell from $247,450 to $244,950. Despite the slip in sales, a relatively low three months of inventory indicates that King of Prussia is a seller's market.

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Demographic facts about King of Prussia:

  • The median age of the population is 37 years old.
  • The health cost index score in this area is 104.8. (100 = national average)
  • The area's commuter length breakdown is: <15 min (31.5%), 15-29 min (34.2%), 30-44 min (19.4%), 45-59 min (8.2%), >60 min (6.7%).

Data reported through 10/12/2016

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