Altos Research
Narberth, PA
Single-Family Homes
Market Data for Realtors. Schedule a demo today at altos.re.
Narberth, PA
Sun Oct 21 2018
This week the median list price for Narberth, PA is $860,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 41.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Slight Buyer's Advantage
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $860,000 | |
| Per Square Foot | $237 | |
| Days on Market | 124 | |
| Price Decreased | 68% | |
| Price Increased | 0% | |
| Relisted | 12% | |
| Inventory | 41 | |
| Median House Rent | $2,700 | |
| Most Expensive | $2,495,000 | |
| Least Expensive | $350,000 | |
|
Market Action Index
Slight Buyer's Advantage |
28 |
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,499,500 | 6,400 | 0.5 - 1 acre | 5 | 5 | 58 | 1 | 1 | 219 |
| $992,500 | 3,759 | 0.5 - 1 acre | 4 | 4 | 54 | 1 | 0 | 163 |
| $675,000 | 2,877 | 0.25 - 0.5 acre | 5 | 3 | 77 | 2 | 1 | 64 |
| $475,000 | 1,900 | 0 - 4,500 sqft | 4 | 2 | 98 | 1 | 1 | 57 |