The Long & Foster Market Minute

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

Zip Code(s): 19355, 19301, 19312 and 19333
Units Sold
90
Active Inventory
85
Median Sale Price
$558,000
Days On Market
18
Up 5%
Vs. Year Ago
Down -48%
Vs. Year Ago
Up 8%
Vs. Year Ago
Down -53%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 90 sold this month in Malvern, Paoli, and Berwyn Real Estate versus 81 last month, an increase of 11%. This month's total units sold was higher than at this time last year, an increase of 5% versus October 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 79 units or 48%. The total number of active inventory this October was 85 compared to 164 in October 2020. This month's total of 85 is lower than the previous month's total supply of available inventory of 109, a decrease of 22%.

Median Sale Price
Last October, the median sale price for Malvern, Paoli, and Berwyn Homes was $515,000. This October, the median sale price was $558,000, an increase of 8% or $43,000 compared to last year. The current median sold price is 1% lower than in September.

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


New Listings
97
Current Contracts
94
Sold Vs. List Price
102.0%
Months of Supply
0.9
Down -16%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 3.8%
Vs. Year Ago
Down -51%
Vs. Year Ago

Months of Supply
In October, there was 0.9 months of supply available in Malvern, Paoli, and Berwyn, compared to 1.9 in October 2020. That is a decrease of 50% 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 97 homes newly listed for sale in Malvern, Paoli, and Berwyn compared to 115 in October 2020, a decrease of 16%. There were 94 current contracts pending sale this October compared to 91 a year ago. The number of current contracts is 3% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Malvern, Paoli, and Berwyn was 102.0% of the average list price, which is 3.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 18, lower than the average last year, which was 38, a decrease of 53%.

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.