Is Narberth, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Narberth was a Seller's Market.
Key Takeaway
Narberth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Narberth, PA
How much do homes in Narberth, PA cost?
Median Sold Price
$439,000
$257/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Narberth have sold for 71.2% less than they did a month ago.
Summary: The median home sold price in Narberth was $439,000 in March 2024, down 71.2% from last month, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $363K | +86.2% |
| 3 Bedrooms | $1.5M | $515K | -66.2% |
| 4 Bedrooms | $1.7M | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Narberth housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 86.2%, 3 bedroom homes decreased by 66.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Narberth, PA
How many homes are available in Narberth, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Narberth real estate market had 16 homes for sale in March 2024, a 14.3% 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 | 1 | -50.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Narberth 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 decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Narberth, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Narberth in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Narberth, PA
How long does it take to sell a home in Narberth, PA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 13 Days | -33.9% |
Summary: Homes in Narberth had an average of 13 days on market in Mar 2024, down by 33.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Narberth are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Narberth; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
