The Long & Foster Market Minute

Focus On: Newtown Square and Glen Mills Housing Market December 2019

Zip Code(s): 19073 and 19342
Units Sold
36
Active Inventory
129
Median Sale Price
$422,450
Days On Market
43
Down -3%
Vs. Year Ago
Down -28%
Vs. Year Ago
Down -9%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 36 sold this month in Newtown Square and Glen Mills Real Estate versus 31 last month, an increase of 16%. This month's total units sold was lower than at this time last year, a decrease of 3% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 51 units or 28%. The total number of active inventory this December was 129 compared to 180 in December 2018. This month's total of 129 is lower than the previous month's total supply of available inventory of 183, a decrease of 30%.

Median Sale Price
Last December, the median sale price for Newtown Square and Glen Mills Homes was $462,000. This December, the median sale price was $422,450, a decrease of 9% or $39,550 compared to last year. The current median sold price is 19% 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
19
Current Contracts
33
Sold Vs. List Price
97.5%
Months of Supply
3.6
Down -17%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -1.3%
Vs. Year Ago
Down -26%
Vs. Year Ago

Months of Supply
In December, there was 3.6 months of supply available in Newtown Square and Glen Mills, compared to 4.9 in December 2018. That is a decrease of 26% 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 19 homes newly listed for sale in Newtown Square and Glen Mills compared to 23 in December 2018, a decrease of 17%. There were 33 current contracts pending sale this December compared to 29 a year ago. The number of current contracts is 14% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Newtown Square and Glen Mills was 97.5% of the average list price, which is 1.3% lower than at this time last year.

Days on Market
This month, the average number of days on market was 43, 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.