Market Report & Homes Sales King of Prussia Real Estate December 2013
The median sales price for homes in King of Prussia PA for September 13 to December 13 was $281,000. This represents an increase of 2.6%, or $7,050, compared to the prior quarter and an increase of 2.2% compared to the prior year.
Sales prices have appreciated 2% over the last 5 years in King of Prussia. The average listing price for King of Prussia homes for sale was $299,966 for the week ending December 4, which represents an increase of 1.2%, or $3,490, compared to the prior week and a decline of 9.2%, or $30,220, compared to the week ending November 13.
Average price per square foot for King of Prussia PA was $161, an increase of 6.6% compared to the same period last year.
King of Prussia Summary
The median sales price for homes in King of Prussia PA for September 13 to December 13 was $281,000 based on 37 home sales. Compared to the same period one year ago, the median home sales price increased 2.2%, or $6,000, and the number of home sales increased 76.2%.
There are currently 77 resale and new homes in King of Prussia including 1 open house, as well as 59 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
The average listing price for homes for sale in King of Prussia PA was $299,966 for the week ending December 4, which represents an increase of 1.2%, or $3,490, compared to the prior week.
The Gift of Living in Bucks County:
The pleasure of living in beautiful Bucks County is usually its own reward but this month, we have the added benefit of continued positive real estate news! After hitting the highest level in nearly four years, the national home sales declined slightly last month, down 1.9%. However, here in Bucks County, the units sold were up again to 22% over last year's sales.
- Active inventory continues to be down -- 8% from last year and applying upward pressue on home prices.
- Median sales prices were up 2% over this time last year.
- The median sale price last year was $255,000 and this year is $260,000!
- Even better, the ever shrinking Days on Market figure was down 21% over this time last year.
Source: Trend MLS and Realtor.com