$114K  
The Norristown market might be slowing in the coming weeks. Sales fell this week to 16 homes sold over the last 30 days, and there is a new downward trend in the number of new listings, with 33 going live in the same time frame. While the number of new listings were weakened, months of inventory hit 10, extending an upward trend to four weeks. Norristown is a definite buyer's market, due to the large amount of inventory left and aided by the dip in sales.
Comments:

$103K  
Over the last 30 days, 18 homes were sold in the Norristown market, down 18.2%. Additionally, the market is still in a confirmed downward trend overall. Potential buyers should note that prices went up in Norristown, with the median for this period rising from $110,500 to $132,450. Norristown is a definite buyer's market, due to a downward trend in sales numbers and nine months of inventory remaining.
Comments:

$369K  
With 21 homes sold in the Norristown market over the last 30 days, we see no change from last week's numbers. However, 33 new listings came into the market. The average selling price hit a milestone at $100,000, a three-month high. Norristown is a definite buyer's market, due to a big eight months of inventory left and aided by the flat sales.
Comments:

$339K  
Norristown is a larger than average city in Pennsylvania with a population of 34,324 residents, and it has a much higher than average density compared to the rest of the state, with 9,752.9 people per square mile. Norristown is an area where most people lease the homes they live in, with a renting ratio of 52.1%. Heading the list of top schools in the city is Hancock Elementary School.
Comments:

$339K  
Over the last 30 days, the Norristown market showed healthy signs with 20 homes sold. It marks a 17.6% increase from last week's report, while also closing in on the average sales volume for the prior 12 months. To put it in perspective, close-by Philadelphia registered 1,143 homes sold in the same time frame, the most of all surrounding cities. The median sales price rose to $86,250, up from last week's $85,000. Even after the uptick in sales, an elevated nine months of inventory tells us that Norristown is still a strong buyer's market.
Comments:

$339K  
Sales fell this week to 17 homes sold in the Norristown market over the last 30 days. However, a three-week positive trend for contracts was extended, with 34 pending transactions in the same time frame. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. The median sales price in Norristown stayed put this week at $85,000. With decreasing sales and the availability of 10 months of inventory, Norristown is a strong buyer's market.
Comments:

$339K  
The Norristown market pulled back with a 25.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 25.4 monthly average with 21 homes sold. Meanwhile, close-by Philadelphia reported 1,082 homes sales, the highest number from all the surrounding cities. Prices are rising in Norristown, and the median sales price this period increased from $73,365 to $100,000. Norristown is a solid buyer's market, due to a big nine months of inventory left and aided by the dip in sales.
Comments:

$134K  
With an identifiable upward trend of new sellers listing homes, including 48 over the last 30 days, and sales that remained the same at 29 in that same time frame, the Norristown market will be steady. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. Prices are falling in Norristown, and this period the median price of all sales fell from $82,547 to $75,031.
Comments:

$339K  
Norristown is a small city in Pennsylvania with a median income of $43,765 per household. Besides being somewhat affluent, its population is much older than others with a median age of 31 years. Condos and townhouses account for 21% of the area's current housing market. The top school in the city is Hancock Elementary School.
Comments:

$107K  
While home sales in the Norristown market have been above average, in this week's report they dropped 6.5% to 29 homes sold over the last 30 days. In comparison, nearby Philadelphia had 1,196 sales in the same time frame, the most of all neighboring cities. The median sales price climbed to $82,547, up from last week's $75,031.
Comments:
Previous Page  1  2 3 4 5 6 7 Next Page

Ask a local expert about this area:
RE/MAX ACHIEVERS
11 reviews
Artisan Realty
Snapped 2 homes in this area
Coldwell Banker Preferred
Snapped 2 homes in this area

Agents that specialize in this area
4 snaps in this area
2 snaps in this area
1 snap in this area
1 snap in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.