April 2021 Main Line PA Market Update with Kimmy Rolph brings you the local real estate conditions that matter most! Here is your Main Line market report for the month of February 2021. These numbers are based on the month of March. It continues to be an extreme seller’s market based on the fact that inventory remains at an all-time low. Mortgage rates vary depending on the borrower but in general, a 30-year fixed is 3.125%, 30-year jumbo loan is 3.25%, and a 15-year fixed is 2.5% so they are still very low and giving buyers power to purchase. Wayne PA 19087 44 homes HOMES SOLD last month in March. The average sales price in March was $670,940. March was up from $537,161 in February, and up from $576,284 in April of 2020.
Villanova PA 19085 Average sales price in March was $1,227,500. March was down from $1,558,275 in February, and up from $1,120,038 in April of 2020. Only 6 homes sold last month and you can expect to pay 97% of the asking price. Haverford PA 19010 Average sales price in March was $484,149. March was up from $384,755 in February, and up from $386,224 in April of 2020. 3 homes sold in March and you can expect to pay 100% of the asking price. Devon PA 19333 19 homes were sold in March. On average the sales price was 1% above the listing price. Average sales price in March was $692,777. Gladwyne PA 19035 Average sales price in March was $2,427,625. March was up from $601,667 in February, and up from $1,622,083 in April of 2020. For homes sold last month and you can expect to pay 96% of the asking price. if you’re looking to purchase a home it is advised to see it right away because properties are moving extremely quickly. In most cases properties are under contract within three to five days With multiple offers and going over asking. it’s a fantastic time to be a seller. If you would like to know what your home is worth and would like my free book on the “Inside Info on selling your Main Line Home” please reach out to us at any time. Do you like the April 2021 Main Line PA Market Update? Subscribe to our Youtube or join our mailing list. Kimmy Rolph sells the Main Line and local areas.