The Long & Foster Market Minute

Focus On: Malvern, Paoli, and Berwyn Housing Market August 2022

Zip Code(s): 19355, 19301, 19312 and 19333
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -20%
Vs. Year Ago
Down -29%
Vs. Year Ago
Down -3%
Vs. Year Ago
Down -32%
Vs. Year Ago

Units Sold
There was an increase in total units sold in August, with 78 sold this month in Malvern, Paoli, and Berwyn Real Estate versus 69 last month, an increase of 13%. This month's total units sold was lower than at this time last year, a decrease of 20% versus August 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 30 units or 29%. The total number of active inventory this August was 73 compared to 103 in August 2021. This month's total of 73 is lower than the previous month's total supply of available inventory of 87, a decrease of 16%.

Median Sale Price
Last August, the median sale price for Malvern, Paoli, and Berwyn Homes was $605,000. This August, the median sale price was $585,000, a decrease of 3% or $20,000 compared to last year. The current median sold price is 24% lower than in July.

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
Down -37%
Vs. Year Ago
Down -36%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Down -11%
Vs. Year Ago

Months of Supply
In August, there was 0.9 months of supply available in Malvern, Paoli, and Berwyn, compared to 1.1 in August 2021. That is a decrease of 12% 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 59 homes newly listed for sale in Malvern, Paoli, and Berwyn compared to 93 in August 2021, a decrease of 37%. There were 54 current contracts pending sale this August compared to 84 a year ago. The number of current contracts is 36% lower than last August.

Sale Price to List Price Ratio
In August, the average sale price in Malvern, Paoli, and Berwyn was 99.6% of the average list price, which is 0.8% lower than at this time last year.

Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 25, a decrease of 32%.

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.