The Long & Foster Market Minute

Focus On: Newtown Square and Glen Mills Housing Market December 2020

Zip Code(s): 19073 and 19342
Units Sold
79
Active Inventory
68
Median Sale Price
$511,065
Days On Market
41
Up
Vs. Year Ago
Down -52%
Vs. Year Ago
Up 21%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 79 sold this month in Newtown Square and Glen Mills Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 73 units or 52%. The total number of active inventory this December was 68 compared to 141 in December 2019. This month's total of 68 is lower than the previous month's total supply of available inventory of 97, a decrease of 30%.

Median Sale Price
Last December, the median sale price for Newtown Square and Glen Mills Homes was $422,450. This December, the median sale price was $511,065, an increase of 21% or $88,615 compared to last year. The current median sold price is 4% 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
22
Current Contracts
34
Sold Vs. List Price
99.1%
Months of Supply
0.9
Up 10%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 1.4%
Vs. Year Ago
Down -77%
Vs. Year Ago

Months of Supply
In December, there was 0.9 months of supply available in Newtown Square and Glen Mills, compared to 3.7 in December 2019. That is a decrease of 77% 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 22 homes newly listed for sale in Newtown Square and Glen Mills compared to 20 in December 2019, an increase of 10%. There were 34 current contracts pending sale this December compared to 31 a year ago. The number of current contracts is 10% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Newtown Square and Glen Mills was 99.1% of the average list price, which is 1.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 41, which is similar compared to a year ago.

The Long & Foster Market Minute Newtown Square and Glen Mills are defined as properties listed in zip code/s 19073 and 19342.
*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.