The Long & Foster Market Minute

Focus On: Audubon, East Norriton, and West Norriton Housing Market April 2022

Zip Code(s): 19403 and 19456
Units Sold
60
Active Inventory
57
Median Sale Price
$299,250
Days On Market
16
Up
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 14%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 60 sold this month in Audubon, East Norriton, and West Norriton 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 higher by 2 units or 4%. The total number of active inventory this April was 57 compared to 55 in April 2021. This month's total of 57 is higher than the previous month's total supply of available inventory of 41, an increase of 39%.

Median Sale Price
Last April, the median sale price for Audubon, East Norriton, and West Norriton Homes was $290,000. This April, the median sale price was $299,250, an increase of 3% or $9,250 compared to last year. The current median sold price is 21% lower than in March.

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


New Listings
80
Current Contracts
61
Sold Vs. List Price
104.2%
Months of Supply
1.0
Down -1%
Vs. Year Ago
Down -16%
Vs. Year Ago
Down -2.2%
Vs. Year Ago
Down -36%
Vs. Year Ago

Months of Supply
In April, there was 1.0 months of supply available in Audubon, East Norriton, and West Norriton, compared to 1.5 in April 2021. That is a decrease of 36% 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 80 homes newly listed for sale in Audubon, East Norriton, and West Norriton compared to 81 in April 2021, a decrease of 1%. There were 61 current contracts pending sale this April compared to 73 a year ago. The number of current contracts is 16% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Audubon, East Norriton, and West Norriton was 104.2% of the average list price, which is 2.3% lower than at this time last year.

Days on Market
This month, the average number of days on market was 16, higher than the average last year, which was 14, an increase of 14%.

The Long & Foster Market Minute Audubon, East Norriton, and West Norriton are defined as properties listed in zip code/s 19403 and 19456.
*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.