Is Paoli, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Paoli was a Seller's Market.
Key Takeaway
Paoli is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Paoli, PA
How much do homes in Paoli, PA cost?
Median Sold Price
$492,500
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Paoli have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Paoli was $492,500 in May 2024, up 7.1% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $335K | +6.3% |
| 3 Bedrooms | $470K | $474.2K | +0.9% |
| 4 Bedrooms | $705K | $590.2K | -16.3% |
| 5+ Bedrooms | $935K | $730K | -21.9% |
Summary: Paoli housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes decreased by 21.9%.
Median Sold Price Compared To Nearby Cities
| Willistown Township | $550K | $626K | +13.8% |
| Paoli | $460K | $492.5K | +7.1% |
| Tredyffrin Township | $620K | $642.3K | +3.6% |
| Berwyn | $797.5K | $791K | -0.8% |
| Easttown Township | $949K | $910K | -4.1% |
Housing Supply in Paoli, PA
How many homes are available in Paoli, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Summary: The Paoli real estate market had 27 homes for sale in May 2024, a 35.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 7 | +133.3% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Paoli housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paoli, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Paoli in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Paoli, PA
How long does it take to sell a home in Paoli, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 8 Days | -69.6% |
Summary: Homes in Paoli had an average of 8 days on market in May 2024, down by 69.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Paoli are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Paoli; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
