Is Radnor Township, 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, Radnor Township was a Seller's Market.
Key Takeaway
Radnor Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Radnor Township, PA
How much do homes in Radnor Township, PA cost?
Median Sold Price
$885,750
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Radnor Township have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Radnor Township was $885,750 in March 2024, up 3.5% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148.5K | $158K | +6.4% |
| 2 Bedrooms | $297.7K | $360K | +20.9% |
| 3 Bedrooms | $527.5K | $631.7K | +19.8% |
| 4 Bedrooms | $970K | $941.5K | -2.9% |
| 5+ Bedrooms | $1.4M | $1.5M | +7.8% |
Summary: Radnor Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 19.8%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 7.8%.
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% |
| Radnor Township | $856K | $885.7K | +3.5% |
| Wayne | $626.2K | $646.6K | +3.3% |
Housing Supply in Radnor Township, PA
How many homes are available in Radnor Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 127 | 122 | -3.9% |
Summary: The Radnor Township real estate market had 122 homes for sale in March 2024, a 3.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 29 | 26 | -10.3% |
| 4 Bedrooms | 30 | 27 | -10.0% |
| 5+ Bedrooms | 53 | 56 | +5.7% |
Summary: The Radnor Township 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 18.2%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 16 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Radnor Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Radnor Township in March 2024, down by 27.3% month-over-month. Of the 16 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% were sold over asking.
Days on Market for Radnor Township, PA
How long does it take to sell a home in Radnor Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 22 Days | -45.0% |
Summary: Homes in Radnor Township had an average of 22 days on market in Mar 2024, down by 45% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Radnor Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Radnor Township; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
