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1 in 3 Main Line homes selling for higher than asking price, Redfin data shows
1 in 3 Main Line homes selling for higher than asking price, Redfin data shows

1 in 3 Main Line homes selling for higher than asking price, Redfin data shows

Remember the real estate boom during the pandemic? It's even crazier than that now on the Main Line. That's what real estate agents tell the Philadelphia Business Journal, as houses are going for well above asking -- sight unseen and all contingencies waived. Cash offers in the millions. Bidding wars up to $5 million. One home in Bala Cynwyd listed for $1.3 million went under contract in a matter of hours and closed for 35% above list. Redfin data shows more than 1 in 3 homes on the Main Line are selling for higher than the asking price. Agents say it's hard to put a finger on exactly why, but they're seeing younger families from out of state drawn to the top schools and country clubs. (Photo by Stephen Brashear/Getty Images for Redfin)

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