$10,000 Closing Credit*
$1,400,000
3,901 SqFt
6 Beds
•4 Full Baths
Robert J Carey, Listing Office: Carey Real Estate Services
Is Malvern, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Malvern has remained a Seller's Market.
Key Takeaway
Malvern is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Malvern, PA
How much do homes in Malvern, PA cost?
Median Sold Price
$775,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,500(+4.4%)
Key Takeaway
Homes in Malvern have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Malvern was $775,000 in November 2024, up 4.4% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221K | $246.5K | +11.5% |
| 2 Bedrooms | $320.2K | $356.7K | +11.4% |
| 3 Bedrooms | $545K | $577.5K | +6.0% |
| 4 Bedrooms | $805K | $830K | +3.1% |
| 5+ Bedrooms | $1.3M | $1.6M | +16.4% |
Summary: Malvern housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
| East Whiteland Township | $575K | $625K | +8.7% |
| Willistown Township | $610K | $640K | +4.9% |
| Malvern | $742.5K | $775K | +4.4% |
| Paoli | $505K | $510K | +1.0% |
Housing Supply in Malvern, PA
How many homes are available in Malvern, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 89 | -13.6% |
Summary: The Malvern real estate market had 89 homes for sale in November 2024, a 13.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 50 | 39 | -22.0% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The Malvern housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 22%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malvern, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Malvern in November 2024, up by 4.3% month-over-month. Of the 24 sold homes, 54% were sold under asking, 21% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 25 Days | -0.1% |
Summary: Homes in Malvern had an average of 25 days on market in Nov 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Malvern are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in Malvern; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
