Norristown, PA Home Values & Market Trends
Real estate market trends reflect that there have been 675 transactions over the past year in Norristown. The median value for residential home transactions that occurred over the previous year is $235,261.46. The number of current listings in Norristown is 32, and the percentage of properties for sale in the city is 32.00%. Norristown, PA currently has 58 properties in foreclosure, 6 bank owned properties, 20 properties headed for auction, and 32 properties for sale.
Norristown, PA Real Estate Market Overview
Housing Market Summary for Norristown, PA
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $254.9K | $252.5K | -0.94% |
Median Sold Price | $199.7K | $252.5K | 26.41% |
Homes For Sale | 32 | 29 | -9.38% |
Homes Sold | 321 | 315 | -1.87% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Norristown, PA
Browse Homes in Norristown, PA
Norristown home values range from $22,951 to $2,588,994. The median estimated value of a home in Norristown is $235,261.46. The median list price of a home is 212,000, and the total count of properties in the city is 12,679.
- Pre-ForeclosurePre-foreclosure homes account for 0.25% of all residential properties in Norristown, PA with 19401 containing 35 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Norristown, PA; of those zips, the estimated home value for pre-foreclosure homes ranges from $378,732 in 19403 to the lowest home value of $110,625 in 19401.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Norristown, PA ranges from the highest value of $494,629 in 19403 to the lowest value of $203,770 in 19401. Bank owned homes and properties account for 0.05% of properties in Norristown, PA. There are 2 zips within Norristown, PA; 19403 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions19401 has 19 auction properties, the highest number of properties going to auction in a single zip in the state of Norristown, PA. Auction homes and other auction properties account for 0.16% of all properties in Norristown, PA. There are 2 zips within Norristown, PA; of those zips, the median estimated home value for homes going to auction ranges from $518,481 in 19403 to the lowest value of $123,000 in 19403.
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More Real Estate Resources for Norristown, PA
Guide for Norristown, PA
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Pennsylvania Foreclosure Laws
Information on foreclosure financing, refinancing, and foreclosure mortgages.