Is Broomall, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Broomall has remained a Seller's Market.
Key Takeaway
Broomall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Broomall, PA
How much do homes in Broomall, PA cost?
Median Sold Price
$522,500
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Broomall have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in Broomall was $522,500 in April 2024, up 15.8% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | - | N/A |
| 2 Bedrooms | $215K | $353.9K | +64.7% |
| 3 Bedrooms | $438.5K | $495K | +12.9% |
| 4 Bedrooms | $532.5K | $608.7K | +14.3% |
| 5+ Bedrooms | $642.5K | $707.5K | +10.1% |
Summary: Broomall housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 64.7%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Broomall | $451.3K | $522.5K | +15.8% |
| Marple Township | $459K | $525K | +14.4% |
| Haverford Township | $470K | $502.7K | +7.0% |
| Havertown | $447.8K | $475K | +6.1% |
| Newtown Township | $650K | $656.5K | +1.0% |
Housing Supply in Broomall, PA
How many homes are available in Broomall, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The Broomall real estate market had 39 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 3 | 9 | +200.0% |
Summary: The Broomall housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broomall, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Broomall in April 2024, up by 30.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% were sold over asking.
Days on Market for Broomall, PA
How long does it take to sell a home in Broomall, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 16 Days | +25.7% |
Summary: Homes in Broomall had an average of 16 days on market in Apr 2024, up by 25.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broomall are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Broomall; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
