CENTURY21 Advantage Gold Market Report

Gladwyne, PA

Single-Family Homes

CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701


Gladwyne, PA

Thu Nov 21 2024
This week the median list price for Gladwyne, PA is $3,110,000 with the market action index hovering around 24. This is an increase over last month's market action index of 23. Inventory has decreased to 16. Click here to stay informed with the Gladwyne market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.

Gladwyne, PA

Thu Nov 21 2024
This week the median list price for Gladwyne, PA is $3,110,000 with the market action index hovering around 24. This is an increase over last month's market action index of 23. Inventory has decreased to 16. Click here to stay informed with the Gladwyne market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.

Real-Time Market Profile

Never miss important changes in the Gladwyne market.
Median List Price $3,110,000
Median Price of New Listings $0
Per Square Foot $467
Average Days on Market 200
Median Days on Market 130
Price Decreased 31%
Price Increased 0%
Relisted 19%
Inventory 16
Median Rent
Market Action 24
Slight Buyer's Advantage

The market’s downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$8,222,500 13,225 2.5 - 5 acres 5 6.5 17 0 0 241
$4,317,500 9,510 1 - 2.5 acres 6 6.5 34 0 0 98
$2,560,950 5,758 2.5 - 5 acres 5 5.3 17 0 0 182
$1,972,500 4,295 1 - 2.5 acres 4 4.5 58 0 1 185