Is Malvern, 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, Malvern has remained a Seller's Market.
Housing Prices in Malvern, PA
How much do homes in Malvern, PA cost?
Median Sold Price
$734,250
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Malvern was $734,250 in April 2024, up 4.1% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $235K | +6.8% |
2 Bedrooms | $320.2K | $297.5K | -7.1% |
3 Bedrooms | $516.5K | $556K | +7.6% |
4 Bedrooms | $799.5K | $807.5K | +1.0% |
5+ Bedrooms | $1.2M | $1.4M | +13.7% |
Summary: Malvern housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
Willistown Township | $532.5K | $625.5K | +17.5% |
Paoli | $459.5K | $492.5K | +7.2% |
East Whiteland Township | $560K | $590K | +5.4% |
Malvern | $705K | $734.2K | +4.1% |
Housing Supply in Malvern, PA
How many homes are available in Malvern, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 97 | +27.6% |
Summary: The Malvern real estate market had 97 homes for sale in April 2024, a 27.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 21 | 21 | 0.0% |
4 Bedrooms | 31 | 47 | +51.6% |
5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The Malvern housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 51.6%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 24 | +71.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Malvern in April 2024, up by 71.4% month-over-month. Of the 24 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Malvern, PA
How long does it take to sell a home in Malvern, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 15 Days | -61.3% |
Summary: Homes in Malvern had an average of 15 days on market in Apr 2024, down by 61.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Malvern; 92% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.