Welcome to this month's "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 13% from one year earlier and up 20% from the previous month This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month... was just under 680-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 56% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was 300-thousand dollars. Overall, The number of units sold Increased 7% year-over-year and Increased 67% month-over-month These figures may indicate that buyers have been taking advantage of competitive pricing and interest-rates. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Bryn Mawr, PA
Area Information for Bryn Mawr, PA
Population:3,811
Median Age:39.16 yr
Median Commute Time:15.73 mins
Educational Climate*:5
Recycling Likelihood**:133
Sales Tax:6%
Population Density:6,030/sq mi
Population Change Since 2000:-8%
Closest Airport:Philadelphia International
Closest College:Bryn Mawr College
Closest Jr. College:Harcum College
Median Household Income:$73,610
Annual Residential Turnover:26.07%
Median Years in Residence:2.66 yr
Median Home Sales Price:$323,750
Closest Major Sports Team:Philadelphia 76ers / Philadelphia Flyers
Change Avg. Household Income Since 2000:31%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Bryn Mawr, PA
Median Age: 39.16Married: 35%Number of Households: 1,308Households with Children: 238
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)