Is Ardmore, 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, Ardmore has remained a Seller's Market.
Key Takeaway
Ardmore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ardmore, PA
How much do homes in Ardmore, PA cost?
Median Sold Price
$492,000
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ardmore have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Ardmore was $492,000 in April 2024, up 4.9% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $258K | +12.2% |
| 2 Bedrooms | $302.5K | $310K | +2.5% |
| 3 Bedrooms | $451.7K | $475K | +5.2% |
| 4 Bedrooms | $527.5K | $540K | +2.4% |
| 5+ Bedrooms | $1.0M | $860K | -21.4% |
Summary: Ardmore housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 21.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Haverford | $782.5K | $915K | +16.9% |
| Wynnewood | $875K | $950K | +8.6% |
| Ardmore | $469K | $492K | +4.9% |
Housing Supply in Ardmore, PA
How many homes are available in Ardmore, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 46 | +43.8% |
Summary: The Ardmore real estate market had 46 homes for sale in April 2024, a 43.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 3 | 8 | +166.7% |
| 5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Ardmore housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ardmore, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Ardmore in April 2024, down by 16.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Ardmore, PA
How long does it take to sell a home in Ardmore, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 19 Days | -18.3% |
Summary: Homes in Ardmore had an average of 19 days on market in Apr 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ardmore are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Ardmore; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
