Is Paoli, 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, Paoli was a Buyer's Market.
Key Takeaway
Paoli is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Paoli, PA
How much do homes in Paoli, PA cost?
Median Sold Price
$507,500
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Paoli have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Paoli was $507,500 in March 2024, up 11.6% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $314.2K | $332.1K | +5.7% |
| 3 Bedrooms | $452.2K | $463.1K | +2.4% |
| 4 Bedrooms | $492.5K | $725K | +47.2% |
| 5+ Bedrooms | $930K | $730K | -21.5% |
Summary: Paoli 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 5.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 47.2%, and 5+ bedroom homes decreased by 21.5%.
Median Sold Price Compared To Nearby Cities
| Willistown Township | $535K | $615K | +15.0% |
| 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 Paoli, PA
How many homes are available in Paoli, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Summary: The Paoli real estate market had 28 homes for sale in March 2024, a 16.7% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 4 | 8 | +100.0% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Paoli 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 100%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paoli, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Paoli in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Paoli, PA
How long does it take to sell a home in Paoli, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 6 Days | -11.8% |
Summary: Homes in Paoli had an average of 6 days on market in Mar 2024, down by 11.8% compared to last year.
Breakdown of Home Sale Times
6 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 Paoli are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Paoli; 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.
