The Long & Foster Market Minute

Focus On: Collegeville Housing Market December 2020

Zip Code(s): 19426 and 19453
Units Sold
61
Active Inventory
43
Median Sale Price
$365,000
Days On Market
45
Up 36%
Vs. Year Ago
Down -55%
Vs. Year Ago
Up 9%
Vs. Year Ago
Up 7%
Vs. Year Ago

Units Sold
The number of units sold remained stable in December, with 61 sold this month in Collegeville Real Estate. This month's total units sold was higher than at this time last year, an increase of 110% versus December 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 52 units or 55%. The total number of active inventory this December was 43 compared to 95 in December 2019. This month's total of 43 is lower than the previous month's total supply of available inventory of 67, a decrease of 36%.

Median Sale Price
Last December, the median sale price for Collegeville Homes was $334,837. This December, the median sale price was $365,000, an increase of 9% or $30,163 compared to last year. The current median sold price is 5% lower than in November.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
42
Current Contracts
48
Sold Vs. List Price
101.0%
Months of Supply
0.7
Up 110%
Vs. Year Ago
Up 118%
Vs. Year Ago
Up 2.4%
Vs. Year Ago
Down -67%
Vs. Year Ago

Months of Supply
In December, there was 0.7 months of supply available in Collegeville, compared to 2.1 in December 2019. That is a decrease of 67% 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.

New Listings & Current Contracts
This month there were 42 homes newly listed for sale in Collegeville compared to 20 in December 2019, an increase of 110%. There were 48 current contracts pending sale this December compared to 22 a year ago. The number of current contracts remained stable as compared to last December.

Sale Price to List Price Ratio
In December, the average sale price in Collegeville was 101.0% of the average list price, which is 2.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 45, higher than the average last year, which was 42, an increase of 7%.

The Long & Foster Market Minute Collegeville are defined as properties listed in zip code/s 19426 and 19453.
*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.
REALTOR, Equal Opportunity HousingInformation 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.