Is Narberth, 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, Narberth has remained a Seller's Market.
Housing Prices in Narberth, PA
How much do homes in Narberth, PA cost?
Median Sold Price
$850,000
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Narberth was $850,000 in April 2024, up 25.9% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165.2K | - | N/A |
2 Bedrooms | $375K | $342.7K | -8.6% |
3 Bedrooms | $481K | $655.5K | +36.3% |
4 Bedrooms | $975K | $885K | -9.2% |
5+ Bedrooms | $1.0M | $875K | -16.1% |
Summary: Narberth 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 decreased by 8.6%, 3 bedroom homes increased by 36.3%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Cities
Narberth | $675K | $850K | +25.9% |
Lower Merion Township | $744.4K | $746.5K | 0.3% |
Housing Supply in Narberth, PA
How many homes are available in Narberth, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Summary: The Narberth real estate market had 11 homes for sale in April 2024, a 10.0% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Narberth 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 increased by 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Narberth in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Narberth, PA
How long does it take to sell a home in Narberth, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 7 Days | -27.4% |
Summary: Homes in Narberth had an average of 7 days on market in Apr 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Narberth; 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.