$4,619 Closing Credit*
$389,000
2,084 SqFt
4 Beds
•1 Full Bath, 1 Partial
Alison D Saunders, Listing Office: RE/MAX Preferred - Malvern
Is 19518, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 19518 has remained a Seller's Market.
Key Takeaway
19518 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19518, PA
How much do homes in 19518, PA cost?
Median Sold Price
$426,950
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$550(-0.1%)
Key Takeaway
The sold price of homes in 19518 has remained the same since last year.
Summary: The median home sold price in 19518 was $426,950 in October 2024, down 0.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $239.9K | +139.9% |
| 2 Bedrooms | $210K | $242.7K | +15.6% |
| 3 Bedrooms | $331.5K | $337.5K | +1.8% |
| 4 Bedrooms | $460K | $500K | +8.7% |
| 5+ Bedrooms | $580K | $421.5K | -27.3% |
Summary: 19518 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 139.9%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 27.3%.
Housing Supply in 19518, PA
How many homes are available in 19518, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Summary: The 19518 real estate market had 30 homes for sale in October 2024, a 9.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 9 | -35.7% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 19518 housing inventory by bedroom type for October 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 35.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19518, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 19518 in October 2024, down by 33.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for 19518, PA
How long does it take to sell a home in 19518, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 14 Days | -45.4% |
Summary: Homes in 19518 had an average of 14 days on market in Oct 2024, down by 45.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19518 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 19518; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
