Malvern, Paoli, and Berwyn Housing Market Data

There was an increase in total units sold in October, with 50 sold this month in Malvern, Paoli, and Berwyn Real Estate versus 46 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 4% versus October 2022.

Versus last year, the total number of homes available this month is lower by 5 units or 5%. The total number of active inventory this October was 92 compared to 97 in October 2022. This month's total of 92 is higher than the previous month's total supply of available inventory of 91, an increase of 1%.

Last October, the median sale price for Malvern, Paoli, and Berwyn Homes was $625,000. This October, the median sale price was $592,500, a decrease of 5% or $32,500 compared to last year. The current median sold price is 13% 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.

In October, there was 1.8 months of supply available in Malvern, Paoli, and Berwyn, compared to 2.0 in October 2022. That is a decrease of 9% 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.

This month there were 62 homes newly listed for sale in Malvern, Paoli, and Berwyn, which is similar to the amount in October 2022. There were 49 current contracts pending sale this October compared to 45 a year ago. The number of current contracts is 9% higher than last October.

In October, the average sale price in Malvern, Paoli, and Berwyn was 101.0% of the average list price, which is 1.0% higher than at this time last year.

This month, the average number of days on market was 17, which is similar compared to a year ago.





Focus On: Malvern, Paoli, and Berwyn Housing Market			October 2023

Zip Code(s): 19355, 19301, 19312 and 19333
Units Sold 50	Active Inventory 92	Median Sale Price $592,500	Days On Market 17

Up 4% Vs. Year Ago	Down -5% Vs. Year Ago	Down -5% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was an increase in total units sold in October, with 50 sold this month in Malvern, Paoli, and Berwyn Real Estate versus 46 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 4% versus October 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 5 units or 5%. The total number of active inventory this October was 92 compared to 97 in October 2022. This month's total of 92 is higher than the previous month's total supply of available inventory of 91, an increase of 1%.
		Median Sale Price Last October, the median sale price for Malvern, Paoli, and Berwyn Homes was $625,000. This October, the median sale price was $592,500, a decrease of 5% or $32,500 compared to last year. The current median sold price is 13% 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 62	Current Contracts 49	Sold Vs. List Price 101.0%	Months of Supply 1.8

No Change Vs. Year Ago	Up 9% Vs. Year Ago	Up 1% Vs. Year Ago	Down -9% Vs. Year Ago


		Months of Supply In October, there was 1.8 months of supply available in Malvern, Paoli, and Berwyn, compared to 2.0 in October 2022. That is a decrease of 9% 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 62 homes newly listed for sale in Malvern, Paoli, and Berwyn, which is similar to the amount in October 2022. There were 49 current contracts pending sale this October compared to 45 a year ago. The number of current contracts is 9% higher than last October.
		Sale Price to List Price Ratio In October, the average sale price in Malvern, Paoli, and Berwyn was 101.0% of the average list price, which is 1.0% higher than at this time last year. Days on Market This month, the average number of days on market was 17, which is similar compared to a year ago.


	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.
	Information 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.