Is Malvern, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Malvern has remained a Seller's Market.
Key Takeaway
Malvern is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Malvern, PA
How much do homes in Malvern, PA cost?
Median Sold Price
$743,437
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Malvern have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Malvern was $743,437 in May 2024, up 4.2% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221K | $235K | +6.3% |
| 2 Bedrooms | $320.2K | $297.5K | -7.1% |
| 3 Bedrooms | $524.1K | $560K | +6.8% |
| 4 Bedrooms | $794.5K | $807.5K | +1.6% |
| 5+ Bedrooms | $1.1M | $1.5M | +32.4% |
Summary: Malvern housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 32.4%.
Median Sold Price Compared To Nearby Cities
| Willistown Township | $550K | $626K | +13.8% |
| East Whiteland Township | $545K | $600K | +10.1% |
| Paoli | $460K | $492.5K | +7.1% |
| Malvern | $713.2K | $743.4K | +4.2% |
Housing Supply in Malvern, PA
How many homes are available in Malvern, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 102 | 110 | +7.8% |
Summary: The Malvern real estate market had 110 homes for sale in May 2024, a 7.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 25 | 30 | +20.0% |
| 4 Bedrooms | 49 | 51 | +4.1% |
| 5+ Bedrooms | 24 | 25 | +4.2% |
Summary: The Malvern housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malvern, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Malvern in May 2024, down by 12.0% month-over-month. Of the 22 sold homes, 23% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for Malvern, PA
How long does it take to sell a home in Malvern, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 19 Days | -13.8% |
Summary: Homes in Malvern had an average of 19 days on market in May 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Malvern are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Malvern; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
