Is Bala Cynwyd, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bala Cynwyd was a Seller's Market.
Key Takeaway
Bala Cynwyd is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bala Cynwyd, PA
How much do homes in Bala Cynwyd, PA cost?
Median Sold Price
$625,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bala Cynwyd have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Bala Cynwyd was $625,000 in April 2024, down 0.8% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $145.2K | -36.8% |
| 2 Bedrooms | $425.5K | $292.5K | -31.3% |
| 3 Bedrooms | $445K | $635K | +42.7% |
| 4 Bedrooms | $755K | $797.5K | +5.6% |
| 5+ Bedrooms | $1.0M | $862.5K | -15.4% |
Summary: Bala Cynwyd housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.8%, 2 bedroom homes decreased by 31.3%, 3 bedroom homes increased by 42.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 15.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Merion Station | $827K | $860K | +4.0% |
| Bala Cynwyd | $630K | $625K | -0.8% |
| Wynnefield Heights | $157K | $153.5K | -2.2% |
| Wynnefield | $249.9K | $242.5K | -3.0% |
Housing Supply in Bala Cynwyd, PA
How many homes are available in Bala Cynwyd, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The Bala Cynwyd real estate market had 34 homes for sale in April 2024, a 3.0% 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 | 11 | 11 | 0.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 7 | 3 | -57.1% |
Summary: The Bala Cynwyd 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 remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 57.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 3 | -72.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bala Cynwyd, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Bala Cynwyd in April 2024, down by 72.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Bala Cynwyd, PA
How long does it take to sell a home in Bala Cynwyd, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 88 Days | 43 Days | -51.1% |
Summary: Homes in Bala Cynwyd had an average of 43 days on market in Apr 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bala Cynwyd are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Bala Cynwyd; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
