The Long & Foster Market Minute

Focus On: Upper Darby Housing Market September 2020

Zip Code(s): 19082
Units Sold
41
Active Inventory
60
Median Sale Price
$146,000
Days On Market
18
Down -9%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 27%
Vs. Year Ago
Down -44%
Vs. Year Ago

Units Sold
There was an increase in total units sold in September, with 41 sold this month in Upper Darby Real Estate versus 35 last month, an increase of 17%. This month's total units sold was lower than at this time last year, a decrease of 9% versus September 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 12 units or 17%. The total number of active inventory this September was 60 compared to 72 in September 2019. This month's supply remained stable as compared to last month.

Median Sale Price
Last September, the median sale price for Upper Darby Homes was $115,000. This September, the median sale price was $146,000, an increase of $31,000 compared to last year. The current median sold price is higher than in August.

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


New Listings
55
Current Contracts
45
Sold Vs. List Price
100.0%
Months of Supply
1.5
Up 15%
Vs. Year Ago
Up 80%
Vs. Year Ago
Up 4.9%
Vs. Year Ago
Down -9%
Vs. Year Ago

Months of Supply
In September, there was 1.5 months of supply available in Upper Darby, compared to 1.6 in September 2019. That is a decrease of 9% 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 55 homes newly listed for sale in Upper Darby compared to 48 in September 2019, an increase of 15%. There were 45 current contracts pending sale this September compared to 25 a year ago. The number of current contracts is 80% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Upper Darby was 100.0% of the average list price, which is 4.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 18, lower than the average last year, which was 32, a decrease of 44%.

The Long & Foster Market Minute Upper Darby are defined as properties listed in zip code/s 19082.
*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.