Is Malvern, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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, OH
How much do homes in Malvern, OH cost?
Median Sold Price
$305,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Malvern have sold for 38.6% more than they did a year ago.
Summary: The median home sold price in Malvern was $305,000 in March 2024, up 38.6% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $282.4K | N/A |
| 2 Bedrooms | $130K | $325K | +150.0% |
| 3 Bedrooms | $203.8K | $266.7K | +30.9% |
| 4 Bedrooms | $357.5K | $490K | +37.1% |
| 5+ Bedrooms | $425K | $1.0M | +139.4% |
Summary: Malvern housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 30.9%, 4 bedroom homes increased by 37.1%, and 5+ bedroom homes increased by 139.4%.
Median Sold Price Compared To Nearby Cities
| Malvern | $220K | $305K | +38.6% |
| Brown Township | $185K | $215K | +16.2% |
Housing Supply in Malvern, OH
How many homes are available in Malvern, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Malvern real estate market had 14 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Malvern housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Malvern, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Malvern in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Malvern, OH
How long does it take to sell a home in Malvern, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 50 Days | +158.6% |
Summary: Homes in Malvern had an average of 50 days on market in Mar 2024, up by 158.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 March 2024, 3 homes were sold in Malvern; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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