ELKINS PARK, JENKINTOWN, AND CHELTENHAM HOUSING MARKET DATA

There was an increase in total units sold in July, with 57 sold this month in Elkins Park, Jenkintown, and Cheltenham Real Estate versus 56 last month, an increase of 2%. This month's total units sold was higher than at this time last year, an increase of 4% versus July 2024.

Versus last year, the total number of homes available this month is lower by 25 units or 20%. The total number of active inventory this July was 102 compared to 127 in July 2024. This month's total of 102 is lower than the previous month's total supply of available inventory of 113, a decrease of 10%.

Last July, the median sale price for Elkins Park, Jenkintown, and Cheltenham Homes was $450,000. This July, the median sale price was $495,000, an increase of 10% or $45,000 compared to last year. The current median sold price is 19% higher than in June.

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

In July, there was 1.8 months of supply available in Elkins Park, Jenkintown, and Cheltenham, compared to 2.3 in July 2024. That is a decrease of 23% 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.

This month there were 59 homes newly listed for sale in Elkins Park, Jenkintown, and Cheltenham compared to 67 in July 2024, a decrease of 12%. There were 46 current contracts pending sale this July compared to 47 a year ago. The number of current contracts is 2% lower than last July.

In July, the average sale price in Elkins Park, Jenkintown, and Cheltenham was 100.3% of the average list price, which is 0.5% lower than at this time last year.

This month, the average number of days on market was 21, lower than the average last year, which was 31, a decrease of 32%.





FOCUS ON: ELKINS PARK, JENKINTOWN, AND CHELTENHAM HOUSING MARKET			JULY 2025

Zip Code(s): 19027, 19046, 19012 and 19095
Units Sold 57	Active Inventory 102	Median Sale Price $495,000	Days On Market 21

Up 4% Vs. Year Ago	Down -20% Vs. Year Ago	Up 10% Vs. Year Ago	Down -32% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 57 sold this month in Elkins Park, Jenkintown, and Cheltenham Real Estate versus 56 last month, an increase of 2%. This month's total units sold was higher than at this time last year, an increase of 4% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 25 units or 20%. The total number of active inventory this July was 102 compared to 127 in July 2024. This month's total of 102 is lower than the previous month's total supply of available inventory of 113, a decrease of 10%.
		Median Sale Price Last July, the median sale price for Elkins Park, Jenkintown, and Cheltenham Homes was $450,000. This July, the median sale price was $495,000, an increase of 10% or $45,000 compared to last year. The current median sold price is 19% higher than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 59	Current Contracts 46	Sold Vs. List Price 100.3%	Months of Supply 1.8

Down -12% Vs. Year Ago	Down -2% Vs. Year Ago	Down -0.5% Vs. Year Ago	Down -23% Vs. Year Ago


		Months of Supply In July, there was 1.8 months of supply available in Elkins Park, Jenkintown, and Cheltenham, compared to 2.3 in July 2024. That is a decrease of 23% 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 59 homes newly listed for sale in Elkins Park, Jenkintown, and Cheltenham compared to 67 in July 2024, a decrease of 12%. There were 46 current contracts pending sale this July compared to 47 a year ago. The number of current contracts is 2% lower than last July.
		Sale Price to List Price Ratio In July, the average sale price in Elkins Park, Jenkintown, and Cheltenham was 100.3% of the average list price, which is 0.5% lower than at this time last year. Days on Market This month, the average number of days on market was 21, lower than the average last year, which was 31, a decrease of 32%.


	Elkins Park, Jenkintown, and Cheltenham are defined as properties listed in zip code/s 19027, 19046, 19012 and 19095.
	*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.