Is Berwyn, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Berwyn was a Seller's Market.
Housing Prices in Berwyn, PA
How much do homes in Berwyn, PA cost?
Median Sold Price
$827,550
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Berwyn was $827,550 in March 2024, up 2.8% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $899K | $620K | -31.0% |
3 Bedrooms | $675K | $620K | -8.1% |
4 Bedrooms | $825K | $835K | +1.2% |
5+ Bedrooms | $1.4M | $1.8M | +28.4% |
Summary: Berwyn 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 decreased by 31%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 28.4%.
Median Sold Price Compared To Nearby Cities
Devon | $775K | $899K | +16.0% |
Paoli | $454.7K | $507.5K | +11.6% |
Berwyn | $805K | $827.5K | +2.8% |
Tredyffrin Township | $622.5K | $628.3K | +0.9% |
Easttown Township | $945K | $950K | 0.5% |
Housing Supply in Berwyn, PA
How many homes are available in Berwyn, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 63 | +8.6% |
Summary: The Berwyn real estate market had 63 homes for sale in March 2024, a 8.6% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 17 | 21 | +23.5% |
4 Bedrooms | 22 | 20 | -9.1% |
5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Berwyn 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 remained the same, 3 bedroom homes increased by 23.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Berwyn in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Berwyn, PA
How long does it take to sell a home in Berwyn, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 10 Days | -34.4% |
Summary: Homes in Berwyn had an average of 10 days on market in Mar 2024, down by 34.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Berwyn; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.