$10,000 Closing Credit*
$2,299,000
4,575 SqFt
4 Beds
•3 Full Baths, 1 Partial
Kristina Flynn, Listing Office: EXP Realty, LLC
Is Paoli, 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, 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
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,250(+2.7%)
Key Takeaway
Homes in Paoli have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Paoli was $510,000 in October 2024, up 2.7% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $329K | $360K | +9.4% |
| 3 Bedrooms | $496.7K | $510K | +2.7% |
| 4 Bedrooms | $702.5K | $699.9K | -0.4% |
| 5+ Bedrooms | $824.8K | $1.2M | +54.6% |
Summary: Paoli housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 54.6%.
Median Sold Price Compared To Nearby Cities
| Willistown Township | $590K | $665K | +12.7% |
| Tredyffrin Township | $635K | $707.6K | +11.4% |
| Paoli | $496.7K | $510K | +2.7% |
| Berwyn | $815K | $800K | -1.8% |
| Easttown Township | $950K | $850K | -10.5% |
Housing Supply in Paoli, PA
How many homes are available in Paoli, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Summary: The Paoli real estate market had 21 homes for sale in October 2024, a 23.5% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Paoli 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 increased by 200%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paoli, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Paoli in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 109 Days | +527.3% |
Summary: Homes in Paoli had an average of 109 days on market in Oct 2024, up by 527.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Paoli are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Paoli; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
