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FOCUS ON: OXFORD, LANDENBERG, AND WEST GROVE HOUSING MARKET |
JULY 2025 |
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Zip Code(s): 19363, 19390, 19350, 19352, 19330, 19362, 19360, 19351, 19347, 19346 and 19318 |
Units Sold
53 |
Active Inventory
128 |
Median Sale Price
$570,000 |
Days On Market
28 |
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Down -12%
Vs. Year Ago |
Up 7%
Vs. Year Ago |
Up 22%
Vs. Year Ago |
Up 155%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 53 sold this month in Oxford, Landenberg, and West Grove Real Estate versus 58 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 12% versus July 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 8 units or 7%. The total number of active inventory this July was 128 compared to 120 in July 2024. This month's total of 128 is lower than the previous month's total supply of available inventory of 130, a decrease of 2%.
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Median Sale Price
Last July, the median sale price for Oxford, Landenberg, and West Grove Homes was $465,318. This July, the median sale price was $570,000, an increase of 22% or $104,682 compared to last year. The current median sold price is 6% 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.
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New Listings
52 |
Current Contracts
41 |
Sold Vs. List Price
101.9% |
Months of Supply
2.4 |
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Down -13%
Vs. Year Ago |
Down -18%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 21%
Vs. Year Ago |
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Months of Supply
In July, there was 2.4 months of supply available in Oxford, Landenberg, and West Grove, compared to 2.0 in July 2024. That is an increase of 21% 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.
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New Listings & Current Contracts
This month there were 52 homes newly listed for sale in Oxford, Landenberg, and West Grove compared to 60 in July 2024, a decrease of 13%. There were 41 current contracts pending sale this July compared to 50 a year ago. The number of current contracts is 18% lower than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Oxford, Landenberg, and West Grove was 101.9% of the average list price, which is similar compared to a year ago.
Days on Market
This month, the average number of days on market was 28, higher than the average last year, which was 11, an increase of 155%.
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Oxford, Landenberg, and West Grove are defined as properties listed in zip code/s 19363, 19390, 19350, 19352, 19330, 19362, 19360, 19351, 19347, 19346 and 19318. |
*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. |