Ardmore, PA 19003 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price: $629,000 — Recent transactions center around this price, suggesting it is the most reliable indicator of current market value; given the up price year-over-year trend and a hot market temperature, sellers can reasonably target offers near this benchmark while monitoring days on market for negotiation leverage.
2. median days on market: 291 — The long median days on market points to slower sales velocity relative to typical rapid-turn markets; this may indicate pricing friction or buyer selectivity even as the overall market remains hot, so sellers should prioritize strong presentation and realistic pricing to avoid extended time on market.
3. median price per square foot: $322 — This per-square-foot level, combined with a representative median sold price, helps set competitive list strategies for both single-family and condominium listings; agents should align comps to this metric to reduce discounting during negotiation.
4. median market rent: $1,950 and interest rate pressure described as elevated (current 30-year fixed mortgage rates ~6.5%–6.75%) — Rental demand and rising rent trends are positive (up), but elevated borrowing costs may temper some buyer purchasing power; investors should weigh cashflow projections against financing cost sensitivity and consider lock-in strategies for acquisitions.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.