Is Ardmore, PA 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, Ardmore has remained a Seller's Market.
Key Takeaway
Ardmore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ardmore, PA
How much do homes in Ardmore, PA cost?
Median Sold Price
$499,499
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ardmore have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Ardmore was $499,499 in May 2024, up 13.5% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $291.5K | +19.0% |
| 2 Bedrooms | $307.5K | $349.5K | +13.7% |
| 3 Bedrooms | $431.2K | $475K | +10.1% |
| 4 Bedrooms | $517.5K | $540K | +4.3% |
| 5+ Bedrooms | $505K | $782.5K | +55.0% |
Summary: Ardmore housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 55%.
Median Sold Price Compared To Nearby Cities
| Ardmore | $440K | $499.4K | +13.5% |
| Lower Merion Township | $708.7K | $773.3K | +9.1% |
| Haverford Township | $470K | $510K | +8.5% |
| Havertown | $443.5K | $479.9K | +8.2% |
Housing Supply in Ardmore, PA
How many homes are available in Ardmore, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 44 | +15.8% |
Summary: The Ardmore real estate market had 44 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Ardmore housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ardmore, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Ardmore in May 2024, up by 37.5% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.
Days on Market for Ardmore, PA
How long does it take to sell a home in Ardmore, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 15 Days | +30.3% |
Summary: Homes in Ardmore had an average of 15 days on market in May 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ardmore are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Ardmore; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
