Pennsburg is a very affluent city in Pennsylvania with a median income of $58,764 per household. The population is also considered much older than most with a median age of 33 years. With an ownership ratio of 66.2%, most people in Pennsburg are homeowners. Topping the list of best schools in the city is Upper Perkiomen High School.
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$214K  
The Pennsburg market broke below its 12-month average sales volume this week as sales fell 42.9% to hit four homes sold over the last 30 days. In comparison, nearby Harleysville had 13 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $167,000 over the latest reporting period for Pennsburg, down from $180,000. Pennsburg is a definite buyer's market, due to a big eight months of inventory left and aided by the dip in sales.
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$299K  
This week marked a six-week trend in sales growth for the Pennsburg market. It resulted in seven homes selling over 30 days, which is a 16.7% jump from last week's number and also the highest amount since August. During the same time frame, Harleysville had the most sales of any other neighboring municipalities with 10. Potential buyers should note that prices are coming down in Pennsburg, and for this period the median sales price slid from $195,000 to $180,000.
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$210K  
The Pennsburg market saw sales remain flat this week with six homes sold over the last 30 days, while new listings climbed to eight. Pricing in Pennsburg remains consistent from last week to this week, with the median sales price at $195,000 again.
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$295K  
The Pennsburg market has established a confirmed upward trend, even as sales remained the same this week at five homes over the last 30 days. Prices are rising in Pennsburg, and the median sales price this period increased from $210,000 to $223,000.
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Pennsburg is a city that is growing faster than others in Pennsylvania at a 10-year growth rate of 41.6%. It also has a larger than average population of 3,843 people. Homes in Pennsburg are older than most with a median age of 44 years. Heading the list of top schools in the city is Upper Perkiomen High School.
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$270K  
On top of an emerging downward trend in sellers reducing price, including two markdowns over the last 30 days, sales in the Pennsburg market fell to five over the same stretch of time. As the number of sellers reducing prices trended lower, prices found a top, with the average selling price rising to $210,000, a three-month high.
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$269K  
The number of homes coming into the Pennsburg market fell to four listings over the last 30 days, while sales remained right where they were as once again six homes were sold over the same period. The median sales price stayed flat at $197,000, and there are a fairly average four months of inventory left to be sold.
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$270K  
The number of home sales in the Pennsburg market shot up 50.0% to six homes over the last 30 days, exceeding the 4.2 monthly average for the last 12 months. To put it in perspective, close-by Quakertown registered 11 homes sold in the same time frame, the most of all surrounding cities. The median sales price rose to $197,000, up from last week's $176,000. The rising sales and a low three months of inventory point to Pennsburg being a seller's market.
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$170K  
The Pennsburg market improved in this week's report, as the number of sales went up to three homes sold over the last 30 days. In comparison, nearby Harleysville had eight sales in the same time frame, the most of all neighboring cities. The median sales price rose to $184,000 over the latest reporting period for Pennsburg, up from $157,500.
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Keller Williams Real Estate-Montgomeryville
Snapped 7 homes in this area

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