Is Villanova, 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, Villanova has remained a Seller's Market.
Key Takeaway
Villanova is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Villanova, PA
How much do homes in Villanova, PA cost?
Median Sold Price
$1,455,090
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Villanova have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Villanova was $1,455,090 in April 2024, up 18.5% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $839.9K | $1.0M | +24.1% |
| 4 Bedrooms | $1.1M | $1.1M | +4.0% |
| 5+ Bedrooms | $1.5M | $2.0M | +27.0% |
Summary: Villanova housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Neighborhoods
| Villanova | $1.2M | $1.4M | +18.5% |
| Bryn Mawr | $740K | $809K | +9.3% |
Housing Supply in Villanova, PA
How many homes are available in Villanova, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The Villanova real estate market had 22 homes for sale in April 2024, a 15.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Villanova housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Villanova, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Villanova in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Villanova, PA
How long does it take to sell a home in Villanova, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 4 Days | -84.7% |
Summary: Homes in Villanova had an average of 4 days on market in Apr 2024, down by 84.7% compared to last year.
Breakdown of Home Sale Times
4 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 Villanova are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Villanova; 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.
