Is Malvern, 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, Malvern was a Neutral Market.
Key Takeaway
Malvern is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Malvern, PA
How much do homes in Malvern, PA cost?
Median Sold Price
$730,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Malvern have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Malvern was $730,000 in March 2024, up 3.9% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $228.5K | +10.1% |
| 2 Bedrooms | $293.2K | $297.5K | +1.5% |
| 3 Bedrooms | $507K | $555K | +9.5% |
| 4 Bedrooms | $810K | $800K | -1.2% |
| 5+ Bedrooms | $1.3M | $1.4M | +7.7% |
Summary: Malvern housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Willistown Township | $535K | $615K | +15.0% |
| Paoli | $454.7K | $507.5K | +11.6% |
| Malvern | $702.5K | $730K | +3.9% |
| East Whiteland Township | $575K | $575K | 0.0% |
Housing Supply in Malvern, PA
How many homes are available in Malvern, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 116 | 130 | +12.1% |
Summary: The Malvern real estate market had 130 homes for sale in March 2024, a 12.1% 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 | 27 | 27 | 0.0% |
| 4 Bedrooms | 42 | 49 | +16.7% |
| 5+ Bedrooms | 45 | 52 | +15.6% |
Summary: The Malvern 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 remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malvern, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Malvern in March 2024, up by 18.2% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for Malvern, PA
How long does it take to sell a home in Malvern, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 20 Days | -17.1% |
Summary: Homes in Malvern had an average of 20 days on market in Mar 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
12 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 Malvern are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Malvern; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
