$4,394 Closing Credit*
$370,000
1,320 SqFt
2 Beds
•2 Full Baths, 1 Partial
Randy L Barker, Listing Office: Compass Pennsylvania, LLC
Is Bala Cynwyd, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Bala Cynwyd has remained a Seller's Market.
Key Takeaway
Bala Cynwyd is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bala Cynwyd, PA
How much do homes in Bala Cynwyd, PA cost?
Median Sold Price
$624,500
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$27,584(+4.6%)
Key Takeaway
Homes in Bala Cynwyd have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Bala Cynwyd was $624,500 in December 2024, up 4.6% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $155K | +3.3% |
| 2 Bedrooms | $327.4K | $387.5K | +18.3% |
| 3 Bedrooms | $625K | $652.5K | +4.4% |
| 4 Bedrooms | $792K | $779K | -1.6% |
| 5+ Bedrooms | $830.2K | $990K | +19.2% |
Summary: Bala Cynwyd housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 19.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Wynnefield | $245K | $267.7K | +9.3% |
| Bala Cynwyd | $596.9K | $624.5K | +4.6% |
| Merion Station | $875K | $908K | +3.8% |
Housing Supply in Bala Cynwyd, PA
How many homes are available in Bala Cynwyd, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 38 | 32 | -15.8% |
Summary: The Bala Cynwyd real estate market had 32 homes for sale in December 2024, a 15.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Bala Cynwyd housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bala Cynwyd, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Bala Cynwyd in December 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Bala Cynwyd, PA
How long does it take to sell a home in Bala Cynwyd, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 57 Days | 35 Days | -38.3% |
Summary: Homes in Bala Cynwyd had an average of 35 days on market in Dec 2024, down by 38.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bala Cynwyd are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 9 homes were sold in Bala Cynwyd; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
