Collegeville Housing Market News
The no BS, straight between the eyes, scoop on the Collegeville housing market.
Collegeville (19426) February 2021
Below are the housing report details for single (unattached) homes in Collegeville, 19426 area:
The median sold price for Detached homes for February was $477,500, representing a decrease of 4.6% compared to last month and an increase of 16.7% from Feb 2020.
The average days on market for homes sold in February was 15 days, 72% below the 5-year February average of 54 days.
There was a 15.8% month over month increase in new contract activity with 22 New Pendings; a 15.7% MoM increase in All Pendings (new contracts + contracts carried over from January) to 59; and a 6.7% decrease in supply to 28 active homes for sale.
Below are the February housing market info for Attached (Townhomes/Condos) homes in Collegeville:
The median sold price for Attached (Townhomes/Condos) homes for February was $294,000, representing an increase of 1.4% compared to last
month and an increase of 7.9% from Feb 2020.
The average days on market for units sold in February was 45 days, 17% below the 5-year February average of 54 days.
There was a 30.8% month over month increase in new contract activity with 17 New Pendings; a 26.1% MoM increase in All Pendings (new contracts + contracts carried over from January) to 29; and a 35.3% decrease in supply to 11 active homes for sale.
Housing market reports are availalble by school district and/or subdivision by request. Contact me if you’d like one of these housing market reports.
Homes in the Collegeville Area are selling like crazy right now
Every morning I log into the Multiple Listing Service (MLS) and I’m seeing houses sell for $5k, $10k, even $20k (or more) above what appraisals say is fair market value.
There’s so little inventory but a ton of buyers competing.
If you’re thinking about selling now or soon, there is a window of opportunity to lock in a windfall.
Once the wave of homes in forbearance hits, experts expect there will be a lot more homes for sale. So buyers will have more options.
But right now, the wind is in the sails of sellers.
If you want to get a ballpark estimate of what your home could sell for right now, based on my experience and my agent-only MLS data (not some general data on the internet) give me a shout and I’ll let you know what the numbers are for your house.
Shoot me a text (610)864-9872 or send me an email [email protected]