The Long & Foster Market Minute

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

Zip Code(s): 19355, 19301, 19312 and 19333
Units Sold
72
Active Inventory
77
Median Sale Price
$702,500
Days On Market
11
Down -16%
Vs. Year Ago
Down -28%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -62%
Vs. Year Ago

Units Sold
There was an increase in total units sold in May, with 72 sold this month in Malvern, Paoli, and Berwyn Real Estate versus 63 last month, an increase of 14%. This month's total units sold was lower than at this time last year, a decrease of 16% versus May 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 30 units or 28%. The total number of active inventory this May was 77 compared to 107 in May 2021. This month's total of 77 is higher than the previous month's total supply of available inventory of 62, an increase of 24%.

Median Sale Price
Last May, the median sale price for Malvern, Paoli, and Berwyn Homes was $629,500. This May, the median sale price was $702,500, an increase of 12% or $73,000 compared to last year. The current median sold price is 3% lower than in April.

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


New Listings
109
Current Contracts
86
Sold Vs. List Price
104.1%
Months of Supply
1.1
Down -4%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 1.5%
Vs. Year Ago
Down -14%
Vs. Year Ago

Months of Supply
In May, there was 1.1 months of supply available in Malvern, Paoli, and Berwyn, compared to 1.2 in May 2021. That is a decrease of 14% 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 109 homes newly listed for sale in Malvern, Paoli, and Berwyn compared to 114 in May 2021, a decrease of 4%. There were 86 current contracts pending sale this May compared to 88 a year ago. The number of current contracts is 2% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Malvern, Paoli, and Berwyn was 104.1% of the average list price, which is 1.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 29, a decrease of 62%.

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.