The Long & Foster Market Minute

Focus On: Malvern, Paoli, and Berwyn Housing Market December 2020

Zip Code(s): 19355, 19301, 19312 and 19333
Units Sold
90
Active Inventory
100
Median Sale Price
$577,450
Days On Market
38
Up 23%
Vs. Year Ago
Down -48%
Vs. Year Ago
Up 9%
Vs. Year Ago
Down -37%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 90 sold this month in Malvern, Paoli, and Berwyn Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 94 units or 48%. The total number of active inventory this December was 100 compared to 194 in December 2019. This month's total of 100 is lower than the previous month's total supply of available inventory of 128, a decrease of 22%.

Median Sale Price
Last December, the median sale price for Malvern, Paoli, and Berwyn Homes was $530,000. This December, the median sale price was $577,450, an increase of 9% or $47,450 compared to last year. The current median sold price is 6% higher than in November.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
41
Current Contracts
43
Sold Vs. List Price
98.9%
Months of Supply
1.1
Up 11%
Vs. Year Ago
Up 23%
Vs. Year Ago
Up 1.1%
Vs. Year Ago
Down -58%
Vs. Year Ago

Months of Supply
In December, there was 1.1 months of supply available in Malvern, Paoli, and Berwyn, compared to 2.7 in December 2019. That is a decrease of 58% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 41 homes newly listed for sale in Malvern, Paoli, and Berwyn compared to 37 in December 2019, an increase of 11%. There were 43 current contracts pending sale this December compared to 35 a year ago. The number of current contracts is 23% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Malvern, Paoli, and Berwyn was 98.9% of the average list price, which is 1.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 38, lower than the average last year, which was 60, a decrease of 37%.

The Long & Foster Market Minute Malvern, Paoli, and Berwyn are defined as properties listed in zip code/s 19335, 19301, 19312 and 19333.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.