Main Line PA Market Update January 2021 has a lot to offer those thinking of selling on The Main Line! We continue to be in an extremely strong seller’s market. Buyers are out in full force. Inventory Still Remains low which means there are fewer homes for sale on the Main Line PA. since interest rates remain Low Buyers are going into bidding wars and over asking price and multiple-offer situations. We’re not seeing this in the extreme luxury high-end Market as much. I’m going to give you some stats about the Main Line Market in December of 2020.
Bryn Mawr -3 homes were sold in December- that’s it!. On average the sales price was 1% above the listing price. The average sales price in December was $421,667. December was up from $192,500 in November, and up from $162,667 in January of 2020. The average days on market for the Bryn Mawr neighborhood in December was 15.
Gladwyne PA, 9 homes were sold in December. On average the sales price was 2% above the listing price. The average sales price in December was $1,427,639. Average days on market for Gladwyne in December was 67. In Radnor PA, 36 homes were sold in December. On average the sales price was 2% above the listing price. The average sales price in December was $854,450.
December was down from $916,323 in November, and up from $756,964 in January of 2020. Average days on market for the Radnor in December was 53. Haverford PA, 69 homes were sold in December. On average the sales price was 1% above the listing price. The average sales price in December was $434,570. Average days on market for the Haverford in December was 23, If you are looking to sell this is a great opportunity because the inventory is so low and buyers want to find a home! If you have any questions please feel free to reach out at any time – we are always here to help. I specialize in 55 plus and those who are downsizing. Kimmy Rolph sells The Main Line and local areas.
