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FOCUS ON: WARRINGTON AND CHALFONT HOUSING MARKET |
JULY 2025 |
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Zip Code(s): 18914, 18976 and 18932 |
Units Sold
40 |
Active Inventory
81 |
Median Sale Price
$560,000 |
Days On Market
17 |
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Down -30%
Vs. Year Ago |
Down -15%
Vs. Year Ago |
Down -1%
Vs. Year Ago |
Down -35%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 40 sold this month in Warrington and Chalfont Real Estate versus 51 last month, a decrease of 22%. This month's total units sold was lower than at this time last year, a decrease of 30% versus July 2024.
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Active Inventory
Versus last year, the total number of homes available this month is lower by 14 units or 15%. The total number of active inventory this July was 81 compared to 95 in July 2024. This month's total of 81 is lower than the previous month's total supply of available inventory of 82, a decrease of 1%.
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Median Sale Price
Last July, the median sale price for Warrington and Chalfont Homes was $565,000. This July, the median sale price was $560,000, a decrease of 1% or $5,000 compared to last year. The current median sold price is 4% lower 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
43 |
Sold Vs. List Price
100.3% |
Months of Supply
2.0 |
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Up 13%
Vs. Year Ago |
Down -16%
Vs. Year Ago |
Down -0.6%
Vs. Year Ago |
Up 22%
Vs. Year Ago |
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Months of Supply
In July, there was 2.0 months of supply available in Warrington and Chalfont, compared to 1.7 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 Warrington and Chalfont compared to 46 in July 2024, an increase of 13%. There were 43 current contracts pending sale this July compared to 51 a year ago. The number of current contracts is 16% lower than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Warrington and Chalfont was 100.3% of the average list price, which is 0.6% lower than at this time last year.
Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 26, a decrease of 35%.
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Warrington and Chalfont are defined as properties listed in zip code/s 18914, 18976 and 18932. |
*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. |