$10,000 Closing Credit*
$1,149,999
3,151 SqFt
6 Beds
•3 Full Baths, 1 Partial
Stephen M Kennedy, Listing Office: KW Empower
Is Ardmore, 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, 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
$485,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+3.2%)
Key Takeaway
Homes in Ardmore have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Ardmore was $485,000 in October 2024, up 3.2% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $291.5K | +26.7% |
| 2 Bedrooms | $325K | $348K | +7.1% |
| 3 Bedrooms | $460K | $465K | +1.1% |
| 4 Bedrooms | $505K | $612.5K | +21.3% |
| 5+ Bedrooms | $705K | $660K | -6.4% |
Summary: Ardmore housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Haverford Township | $485K | $531.3K | +9.6% |
| Havertown | $470K | $510K | +8.5% |
| Lower Merion Township | $749.3K | $785K | +4.8% |
| Ardmore | $470K | $485K | +3.2% |
Housing Supply in Ardmore, PA
How many homes are available in Ardmore, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 41 | +10.8% |
Summary: The Ardmore real estate market had 41 homes for sale in October 2024, a 10.8% increase 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Ardmore 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 decreased by 33.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ardmore, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Ardmore in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 12 Days | +38.4% |
Summary: Homes in Ardmore had an average of 12 days on market in Oct 2024, up by 38.4% compared to last year.
Breakdown of Home Sale Times
9 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 Ardmore are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Ardmore; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
