Is Bryn Mawr, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bryn Mawr was a Seller's Market.
Key Takeaway
Bryn Mawr is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bryn Mawr, PA
How much do homes in Bryn Mawr, PA cost?
Median Sold Price
$750,000
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bryn Mawr have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Bryn Mawr was $750,000 in May 2024, down 3.2% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $148K | +5.7% |
| 2 Bedrooms | $272K | $222.4K | -18.2% |
| 3 Bedrooms | $437.4K | $495K | +13.2% |
| 4 Bedrooms | $915K | $917K | 0.2% |
| 5+ Bedrooms | $1.5M | $1.5M | +4.0% |
Summary: Bryn Mawr housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 4%.
Housing Supply in Bryn Mawr, PA
How many homes are available in Bryn Mawr, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 70 | +12.9% |
Summary: The Bryn Mawr real estate market had 70 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 20 | 27 | +35.0% |
Summary: The Bryn Mawr 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 decreased by 20%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 35%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bryn Mawr, 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 Bryn Mawr in May 2024, down by 35.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for Bryn Mawr, PA
How long does it take to sell a home in Bryn Mawr, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 22 Days | -21.0% |
Summary: Homes in Bryn Mawr had an average of 22 days on market in May 2024, down by 21% 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 Bryn Mawr are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Bryn Mawr; 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.
