Market report, updated

Market Report

Search in the city of Norristown

Mcmahanhomes.com
Report prepared by Mcmahanhomes.com Real Broker, LLC

Market at a glance

Over the last 6 months, homes sold for 104.1% of list price in 28 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $368K Sold · $361K
$460K$410K$360K$310K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Sold tab (last 6 months) Earlier

Peak: 64 sales in Jun. Last month: 47.

Where the market stands

All homes in this report, by status.

510homes
Active145 · 28%
Under contract64 · 13%
Sold (6 mo)301 · 59%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

2.9months of inventory
Seller's, under 4BalancedBuyer's, over 6

Homes are selling quickly, which favors sellers in this market.

Average price by status

Active$495K
Under contract$359K
Sold$384K

Average days on market

Active78 days
Under contract62 days
Sold28 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 145
Average list price $495,169 Based on 144 of 145 homes
Avg. days on market 78 days Based on 139 of 145 homes
Avg. price per ft² $196 Based on 111 of 145 homes
Avg. living area 1,998 ft² Based on 112 of 145 homes
Avg. beds / baths 3.3 / 2.1

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

34 homes didn’t report living area and aren’t shown.

2 homes are larger or pricier than this chart’s scale and aren’t shown.

$1.5M$1M$500K$0

Price vs. living area: 109 homes plotted, up to $1.5M and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes have been listed

Number of homes by days on market.

6 homes didn’t report days on market and aren’t shown.

Bedroom mix

Number of homes by bedroom count.

50 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

1321 Redwood Ln$409
247 Pinetown Rd$405
2904 Stoney Creek Rd$378
2107 Dekalb Pike$375
1836 Berks Rd$374
803 Thomas St$360
2921 Third St$349

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
13 Lincoln AveNorristown, PA 19401 21840$140,000$1661 day
11 Lincoln AveNorristown, PA 19401 21780$140,000$1791 day
3005 Potshop RdNorristown, PA 19403 431,976$565,000$2857 days
2219 Carol LnNorristown, PA 19401 432,817$525,000$1861 day
1372 Spring Hill RdNorristown, PA 19403 445,395$1,100,000$203—
3137 Eisenhower DrNorristown, PA 19403 432,288$600,000$2621 day
18 Pheasant RdNorristown, PA 19403 543,015$740,000$245—
1401 Astor StNorristown, PA 19401 311,446$224,900$155—
535 Swede StNorristown, PA 19401 ———$1,000,000—2 days
809 George StNorristown, PA 19401 311,051$157,750$1503 days
Mcmahanhomes.com

Questions about this market?

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