Sun Nov 17 2019
This week the median list price for Malvern, PA is $850,000 with the market action index hovering around 29. This is less than last month's market action index of 33. Inventory has held steady at or around 104.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$850,000|
|Per Square Foot||$241|
|Days on Market||185|
|Slight Buyer's Advantage|
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,085,000||6,390||2.5 - 5 acres||5||5||51||0||0||291|
|$1,009,000||4,441||1 - 2.5 acres||5||4||13||0||1||245|
|$748,247||3,223||1 - 2.5 acres||4||3||2||2||0||121|
|$475,000||2,200||0.5 - 1 acre||4||2||63||3||2||80|