Is Haverford Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Haverford Township has remained a Seller's Market.
Key Takeaway
Haverford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Haverford Township, PA
How much do homes in Haverford Township, PA cost?
Median Sold Price
$510,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Haverford Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Haverford Township was $510,000 in May 2024, up 8.5% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $152.5K | -32.2% |
| 2 Bedrooms | $320K | $340K | +6.3% |
| 3 Bedrooms | $422K | $460.6K | +9.2% |
| 4 Bedrooms | $550K | $625K | +13.6% |
| 5+ Bedrooms | $750K | $935K | +24.7% |
Summary: Haverford Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.2%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 24.7%.
Median Sold Price Compared To Nearby Cities
| Ardmore | $440K | $499.4K | +13.5% |
| Broomall | $475K | $525K | +10.5% |
| Haverford Township | $470K | $510K | +8.5% |
| Havertown | $443.5K | $479.9K | +8.2% |
| Radnor Township | $935K | $827K | -11.6% |
Housing Supply in Haverford Township, PA
How many homes are available in Haverford Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 158 | 177 | +12.0% |
Summary: The Haverford Township real estate market had 177 homes for sale in May 2024, a 12.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 57 | 61 | +7.0% |
| 4 Bedrooms | 54 | 61 | +13.0% |
| 5+ Bedrooms | 34 | 42 | +23.5% |
Summary: The Haverford Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 31 | -26.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Haverford Township, you could pay more than the asking price. 64.5% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Haverford Township in May 2024, down by 26.2% month-over-month. Of the 31 sold homes, 23% were sold under asking, 13% were sold at asking, and 65% were sold over asking.
Days on Market for Haverford Township, PA
How long does it take to sell a home in Haverford Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 16 Days | +66.1% |
Summary: Homes in Haverford Township had an average of 16 days on market in May 2024, up by 66.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Haverford Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 31 homes were sold in Haverford Township; 94% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
