Is Bryn Mawr, 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, Bryn Mawr has remained a Seller's Market.
Key Takeaway
Bryn Mawr is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bryn Mawr, PA
How much do homes in Bryn Mawr, PA cost?
Median Sold Price
$809,000
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bryn Mawr have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Bryn Mawr was $809,000 in April 2024, up 9.3% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $150K | +20.0% |
| 2 Bedrooms | $257K | $285.5K | +11.1% |
| 3 Bedrooms | $437.4K | $497.5K | +13.7% |
| 4 Bedrooms | $915K | $895K | -2.2% |
| 5+ Bedrooms | $1.5M | $1.6M | +8.6% |
Summary: Bryn Mawr housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 13.7%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in Bryn Mawr, PA
How many homes are available in Bryn Mawr, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 62 | +10.7% |
Summary: The Bryn Mawr real estate market had 62 homes for sale in April 2024, a 10.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Bryn Mawr housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bryn Mawr, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Bryn Mawr in April 2024, down by 15.8% month-over-month. Of the 16 sold homes, 31% were sold under asking, 13% were sold at asking, and 56% were sold over asking.
Days on Market for Bryn Mawr, PA
How long does it take to sell a home in Bryn Mawr, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 10 Days | -48.8% |
Summary: Homes in Bryn Mawr had an average of 10 days on market in Apr 2024, down by 48.8% compared to last year.
Breakdown of Home Sale Times
14 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 Bryn Mawr are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Bryn Mawr; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
