$102K  
Over the last 30 days, 15 homes were sold in the Norristown market, down 6.2%. Additionally, the market is still in an emerging downward trend overall. Potential buyers should note that prices are coming down in Norristown, and for this period the median sales price slid from $69,500 to $68,224. Norristown is a solid buyer's market, due to a downward trend in sales numbers and 10 months of inventory remaining.
Comments:

$125K  
The Norristown market reported improvement this week as sales climbed 25.0% to hit 15 homes sold over the last 30 days. At the same time, close-by Philadelphia reported 909 home sales, the highest number from all the surrounding cities. The median sales price dropped to $69,500, down from last week's $69,750. Despite the uptick in sales, there are still 10 months of inventory left to work through, meaning Norristown is still a definite buyer's market.
Comments:

$169K  
The Norristown market remained cold with 14 homes sold in the last 30 days, a 22.2% sales drop. On the other hand, close-by Philadelphia registered 775 homes sold in the same time frame, the most of all surrounding cities. Prices are falling in Norristown, and this period the median price of all sales fell from $78,500 to $72,500. Norristown is a solid buyer's market, thanks to a big 11 months of inventory to choose from and a pullback in sales.
Comments:

$159K  
Norristown is a larger than average city in Pennsylvania with a population of 34,324 residents. Also, it has a much higher than average density 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%. Topping the list of best schools in the city is Hancock Elementary School.
Comments:

$159K  
The Norristown market stayed soft this week as sales dropped 5.3% to land at 18 homes sold over the last 30 days. In comparison, nearby Philadelphia had 880 sales in the same time frame, the most of all neighboring cities. Prices are falling in Norristown, and this period the median price of all sales fell from $82,000 to $78,500. Along with the slip in sales, a relatively high eight months of inventory indicates that Norristown is a definite buyer's market.
Comments:

$299K  
Home sales in the Norristown market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 34.5% to 19 homes sold over the last 30 days. Within the same time frame, Philadelphia had 950 sales, the most of all cities in the area. Potential buyers should note that prices went up in Norristown, with the median for this period rising from $72,000 to $82,000. Along with the slip in sales, a relatively high eight months of inventory indicates that Norristown is a definite buyer's market.
Comments:

$159K  
In this week's report, the number of homes sold in the Norristown market slid to 28 over the past 30 days, a decrease of 15.2% from last week's report, but still above the monthly average. Meanwhile, close-by Philadelphia reported 1,063 homes sales, the highest number from all the surrounding cities. A months of inventory number of five reported this week continued a four-week downward trend.
Comments:

$825K  
The Norristown market saw sales drop 21.4% this week but it is currently in the midst of a new upward sales trend, including 33 homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price rose to $86,200 this week.
Comments:

$139K  
The Norristown market pulled back with a 4.7% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (26.0) with 41 homes sold. Meanwhile, close-by Philadelphia reported 1,230 homes sales, the highest number from all the surrounding cities. Potential buyers should take note that the median sales price in Norristown climbed to $85,000 and that there are four months of inventory still available.
Comments:

$159K  
Norristown has a much older population than other areas in Pennsylvania with a median age of 31 years. It is also somewhat affluent with a median income of $43,765 per household. Condos and townhouses account for 19% of the area's current housing market. Heading the list of top schools in the city is Hancock Elementary School.
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