The Long & Foster Market Minute

Focus On: Malvern, Paoli, and Berwyn Housing Market March 2021

Zip Code(s): 19355, 19301, 19312 and 19333
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 24%
Vs. Year Ago
Down -63%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -37%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 73 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 146 units or 63%. The total number of active inventory this March was 84 compared to 230 in March 2020. This month's total of 84 is higher than the previous month's total supply of available inventory of 68, an increase of 24%.

Median Sale Price
Last March, the median sale price for Malvern, Paoli, and Berwyn Homes was $520,895. This March, the median sale price was $581,516, an increase of 12% or $60,621 compared to last year. The current median sold price is 1% higher than in February.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 31%
Vs. Year Ago
Up 71%
Vs. Year Ago
No Change
Vs. Year Ago
Down -71%
Vs. Year Ago

Months of Supply
In March, there was 1.2 months of supply available in Malvern, Paoli, and Berwyn, compared to 3.9 in March 2020. That is a decrease of 70% 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 132 homes newly listed for sale in Malvern, Paoli, and Berwyn compared to 101 in March 2020, an increase of 31%. There were 96 current contracts pending sale this March compared to 56 a year ago. The number of current contracts is 71% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Malvern, Paoli, and Berwyn was 100.4% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 37, lower than the average last year, which was 59, 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.