Is Malvern, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Malvern has remained a Seller's Market.
Key Takeaway
Malvern is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Malvern, OH
How much do homes in Malvern, OH cost?
Median Sold Price
$322,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Malvern have sold for 44.9% more than they did a year ago.
Summary: The median home sold price in Malvern was $322,500 in May 2024, up 44.9% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $282.4K | N/A |
| 2 Bedrooms | $145K | $214.5K | +47.9% |
| 3 Bedrooms | $204.4K | $288K | +40.9% |
| 4 Bedrooms | $382.9K | $495K | +29.3% |
| 5+ Bedrooms | $425K | $825K | +94.1% |
Summary: Malvern housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.9%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes increased by 94.1%.
Median Sold Price Compared To Nearby Cities
| Malvern | $222.5K | $322.5K | +44.9% |
| Brown Township | $191K | $215K | +12.6% |
Housing Supply in Malvern, OH
How many homes are available in Malvern, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Summary: The Malvern real estate market had 23 homes for sale in May 2024, a 27.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 7 | 13 | +85.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Malvern housing inventory by bedroom type for May 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 85.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Malvern, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Malvern in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Malvern, OH
How long does it take to sell a home in Malvern, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -5.9% |
Summary: Homes in Malvern had an average of 32 days on market in May 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was 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 May 2024, 7 homes were sold in Malvern; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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