The Long & Foster Market Minute

Focus On: Collegeville Housing Market April 2022

Zip Code(s): 19426 and 19453
Units Sold
41
Active Inventory
49
Median Sale Price
$478,998
Days On Market
19
Down -15%
Vs. Year Ago
Down -14%
Vs. Year Ago
Up 8%
Vs. Year Ago
Down -24%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 41 sold this month in Collegeville Real Estate versus 31 last month, an increase of 32%. This month's total units sold was lower than at this time last year, a decrease of 15% versus April 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 8 units or 14%. The total number of active inventory this April was 49 compared to 57 in April 2021. This month's total of 49 is higher than the previous month's total supply of available inventory of 40, an increase of 23%.

Median Sale Price
Last April, the median sale price for Collegeville Homes was $443,650. This April, the median sale price was $478,998, an increase of 8% or $35,348 compared to last year. The current median sold price is 1% higher 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
77
Current Contracts
63
Sold Vs. List Price
106.6%
Months of Supply
1.2
Down -1%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 4.7%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In April, there was 1.2 months of supply available in Collegeville. The amount of supply is similar compared to 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 77 homes newly listed for sale in Collegeville compared to 78 in April 2021, a decrease of 1%. There were 63 current contracts pending sale this April compared to 60 a year ago. The number of current contracts is 5% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Collegeville was 106.6% of the average list price, which is 4.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 19, lower than the average last year, which was 25, a decrease of 24%.

The Long & Foster Market Minute Collegeville are defined as properties listed in zip code/s 19426 and 19453.
*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.