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| Focus On: Chester Springs and Exton Housing Market | March 2021 | ||
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| Zip Code(s): 19425, 19341, 19421 and 19480 | |||
| Units Sold 36 |
Active Inventory 26 |
Median Sale Price $548,000 |
Days On Market 31 |
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| Up Vs. Year Ago |
Down -70% Vs. Year Ago |
Up Vs. Year Ago |
Down Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 36 sold this month in Chester Springs and Exton Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2020. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 60 units or 70%. The total number of active inventory this March was 26 compared to 86 in March 2020. This month's total of 26 is lower than the previous month's total supply of available inventory of 38, a decrease of 32%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Chester Springs and Exton Homes was $396,309. This March, the median sale price was $548,000, an increase of $151,691 compared to last year. The current median sold price is higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 49 |
Current Contracts 53 |
Sold Vs. List Price 98.2% |
Months of Supply 0.7 |
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| Down -2% Vs. Year Ago |
Up 66% Vs. Year Ago |
Up 0.7% Vs. Year Ago |
Down -79% Vs. Year Ago |
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Months of Supply
In March, there was 0.7 months of supply available in Chester Springs and Exton, compared to 3.4 in March 2020. That is a decrease of 79% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 49 homes newly listed for sale in Chester Springs and Exton compared to 50 in March 2020, a decrease of 2%. There were 53 current contracts pending sale this March compared to 32 a year ago. The number of current contracts is 66% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Chester Springs and Exton was 98.2% of the average list price, which is 0.7% higher than at this time last year. Days on Market
This month, the average number of days on market was 31, lower than the average last year, which was 63. This decrease was impacted by the limited number of sales. | |||
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Chester Springs and Exton are defined as properties listed in zip code/s 19425, 19341, 19421 and 19480. | ||
| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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