The Long & Foster Market Minute

Focus On: Havertown and Broomall Housing Market March 2021

Zip Code(s): 19008 and 19083
Units Sold
54
Active Inventory
20
Median Sale Price
$388,750
Days On Market
21
Down -8%
Vs. Year Ago
Down -75%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -38%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 54 sold this month in Havertown and Broomall Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 59 units or 75%. The total number of active inventory this March was 20 compared to 79 in March 2020. This month's total of 20 is lower than the previous month's total supply of available inventory of 21, a decrease of 5%.

Median Sale Price
Last March, the median sale price for Havertown and Broomall Homes was $340,000. This March, the median sale price was $388,750, an increase of 14% or $48,750 compared to last year. The current median sold price is 2% lower 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.


New Listings
82
Current Contracts
82
Sold Vs. List Price
100.1%
Months of Supply
0.4
Up 22%
Vs. Year Ago
Up 58%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Down -72%
Vs. Year Ago

Months of Supply
In March, there was 0.4 months of supply available in Havertown and Broomall, compared to 1.3 in March 2020. That is a decrease of 72% 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 82 homes newly listed for sale in Havertown and Broomall compared to 67 in March 2020, an increase of 22%. There were 82 current contracts pending sale this March compared to 52 a year ago. The number of current contracts is 58% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Havertown and Broomall was 100.1% of the average list price, which is 0.8% higher 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 34, a decrease of 38%.

The Long & Foster Market Minute Havertown and Broomall are defined as properties listed in zip code/s 19008 and 19083.
*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.