The Long & Foster Market Minute

Focus On: Chester Springs and Exton Housing Market December 2021

Zip Code(s): 19425, 19341, 19421 and 19480
Units Sold
43
Active Inventory
21
Median Sale Price
$585,000
Days On Market
22
Down -2%
Vs. Year Ago
Down -56%
Vs. Year Ago
Up 23%
Vs. Year Ago
Up 22%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 43 sold this month in Chester Springs and Exton Real Estate versus 45 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 2% versus December 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 27 units or 56%. The total number of active inventory this December was 21 compared to 48 in December 2020. This month's total of 21 is lower than the previous month's total supply of available inventory of 27, a decrease of 22%.

Median Sale Price
Last December, the median sale price for Chester Springs and Exton Homes was $477,500. This December, the median sale price was $585,000, an increase of 23% or $107,500 compared to last year. The current median sold price is 2% higher 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
14
Current Contracts
14
Sold Vs. List Price
100.8%
Months of Supply
0.5
Down -64%
Vs. Year Ago
Down -60%
Vs. Year Ago
No Change
Vs. Year Ago
Down -55%
Vs. Year Ago

Months of Supply
In December, there was 0.5 months of supply available in Chester Springs and Exton, compared to 1.1 in December 2020. That is a decrease of 55% 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 14 homes newly listed for sale in Chester Springs and Exton compared to 39 in December 2020, a decrease of 64%. There were 14 current contracts pending sale this December compared to 35 a year ago. The number of current contracts is 60% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Chester Springs and Exton was 100.8% 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 22, higher than the average last year, which was 18, an increase of 22%.

The Long & Foster Market Minute Chester Springs and Exton are defined as properties listed in zip code/s 19425, 19341, 19421 and 19480.
*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.