$4,750 Closing Credit*
$400,000
2,358 SqFt
3 Beds
•3 Full Baths
Tameka L Goldsborough, Listing Office: RE/MAX Town & Country
Is Paoli, 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, Paoli has remained a Seller's Market.
Key Takeaway
Paoli is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Paoli, PA
How much do homes in Paoli, PA cost?
Median Sold Price
$510,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.0%)
Key Takeaway
Homes in Paoli have sold for 1% more than they did a year ago.
Summary: The median home sold price in Paoli was $510,000 in November 2024, up 1% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $330K | $360K | +9.1% |
| 3 Bedrooms | $484.2K | $520K | +7.4% |
| 4 Bedrooms | $720K | $699.9K | -2.8% |
| 5+ Bedrooms | $774.7K | $1.2M | +64.6% |
Summary: Paoli housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 64.6%.
Median Sold Price Compared To Nearby Cities
| Tredyffrin Township | $636.8K | $706.2K | +10.9% |
| Willistown Township | $610K | $640K | +4.9% |
| Berwyn | $797.5K | $815K | +2.2% |
| Paoli | $505K | $510K | +1.0% |
| Easttown Township | $927.5K | $850K | -8.4% |
Housing Supply in Paoli, PA
How many homes are available in Paoli, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Paoli real estate market had 24 homes for sale in November 2024, a 14.3% increase 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 9 | 14 | +55.6% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Paoli 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 decreased by 66.7%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paoli, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Paoli in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Paoli, PA
How long does it take to sell a home in Paoli, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 5 Days | +14.6% |
Summary: Homes in Paoli had an average of 5 days on market in Nov 2024, up by 14.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Paoli are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Paoli; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
