Is Radnor Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Radnor Township has remained a Seller's Market.
Key Takeaway
Radnor Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Radnor Township, PA
How much do homes in Radnor Township, PA cost?
Median Sold Price
$827,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Radnor Township have sold for 11.6% less than they did a year ago.
Summary: The median home sold price in Radnor Township was $827,000 in May 2024, down 11.6% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.7K | $155K | -8.1% |
| 2 Bedrooms | $305K | $310K | +1.6% |
| 3 Bedrooms | $531.4K | $625K | +17.6% |
| 4 Bedrooms | $1.0M | $907K | -9.3% |
| 5+ Bedrooms | $1.4M | $1.6M | +18.1% |
Summary: Radnor Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.1%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 18.1%.
Median Sold Price Compared To Nearby Cities
| Marple Township | $480.7K | $540K | +12.3% |
| Broomall | $475K | $525K | +10.5% |
| Haverford Township | $470K | $510K | +8.5% |
| Wayne | $625K | $675K | +8.0% |
| Radnor Township | $935K | $827K | -11.6% |
Housing Supply in Radnor Township, PA
How many homes are available in Radnor Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 98 | 113 | +15.3% |
Summary: The Radnor Township real estate market had 113 homes for sale in May 2024, a 15.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 29 | 31 | +6.9% |
| 5+ Bedrooms | 31 | 43 | +38.7% |
Summary: The Radnor Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 38.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Radnor Township, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Radnor Township in May 2024, up by 21.1% month-over-month. Of the 23 sold homes, 30% were sold under asking, 13% were sold at asking, and 57% were sold over asking.
Days on Market for Radnor Township, PA
How long does it take to sell a home in Radnor Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 19 Days | +29.7% |
Summary: Homes in Radnor Township had an average of 19 days on market in May 2024, up by 29.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Radnor Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Radnor Township; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
