Is Radnor Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Radnor Township has remained a Seller's Market.
Housing Prices in Radnor Township, PA
How much do homes in Radnor Township, PA cost?
Median Sold Price
$899,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Radnor Township was $899,000 in April 2024, down 0.1% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148.5K | $156.5K | +5.4% |
2 Bedrooms | $305K | $310K | +1.6% |
3 Bedrooms | $535.4K | $628.5K | +17.4% |
4 Bedrooms | $970K | $950K | -2.1% |
5+ Bedrooms | $1.4M | $1.6M | +16.2% |
Summary: Radnor Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 16.2%.
Median Sold Price Compared To Nearby Cities
Broomall | $451.3K | $522.5K | +15.8% |
Marple Township | $459K | $525K | +14.4% |
Wayne | $609.3K | $688.5K | +13.0% |
Haverford Township | $470K | $502.7K | +7.0% |
Radnor Township | $900K | $899K | -0.1% |
Housing Supply in Radnor Township, PA
How many homes are available in Radnor Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 95 | +26.7% |
Summary: The Radnor Township real estate market had 95 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 6 | 12 | +100.0% |
3 Bedrooms | 18 | 22 | +22.2% |
4 Bedrooms | 24 | 27 | +12.5% |
5+ Bedrooms | 24 | 31 | +29.2% |
Summary: The Radnor Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 29.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Radnor Township in April 2024, up by 5.9% month-over-month. Of the 18 sold homes, 33% were sold under asking, 6% were sold at asking, and 61% were sold over asking.
Days on Market for Radnor Township, PA
How long does it take to sell a home in Radnor Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 18 Days | +150.0% |
Summary: Homes in Radnor Township had an average of 18 days on market in Apr 2024, up by 150% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Radnor Township; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.