Is Broomall, PA 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, Broomall has remained a Buyer's Market.
Housing Prices in Broomall, PA
How much do homes in Broomall, PA cost?
Median Sold Price
$518,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Broomall was $518,000 in March 2024, up 17.5% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | - | N/A |
2 Bedrooms | $228K | $353.9K | +55.3% |
3 Bedrooms | $430K | $490K | +14.0% |
4 Bedrooms | $550K | $602.5K | +9.5% |
5+ Bedrooms | $638K | $740K | +16.0% |
Summary: Broomall 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 55.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
Broomall | $441K | $518K | +17.5% |
Marple Township | $450K | $525K | +16.7% |
Haverford Township | $469.6K | $501K | +6.7% |
Havertown | $447K | $475.5K | +6.4% |
Newtown Township | $650K | $661.7K | +1.8% |
Housing Supply in Broomall, PA
How many homes are available in Broomall, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 71 | +2.9% |
Summary: The Broomall real estate market had 71 homes for sale in March 2024, a 2.9% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 26 | 23 | -11.5% |
4 Bedrooms | 30 | 36 | +20.0% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Broomall 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 decreased by 11.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Broomall in March 2024, up by 11.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 50% were sold at asking, and 40% were sold over asking.
Days on Market for Broomall, PA
How long does it take to sell a home in Broomall, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 15 Days | -42.9% |
Summary: Homes in Broomall had an average of 15 days on market in Mar 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
9 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, 10 homes were sold in Broomall; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.