The Long & Foster Market Minute

Focus On: Havertown and Broomall Housing Market October 2021

Zip Code(s): 19008 and 19083
Units Sold
59
Active Inventory
62
Median Sale Price
$425,000
Days On Market
25
Down -6%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 13%
Vs. Year Ago
Up 67%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 59 sold this month in Havertown and Broomall Real Estate versus 60 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 6% versus October 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1 units or 2%. The total number of active inventory this October was 62 compared to 63 in October 2020. This month's total of 62 is lower than the previous month's total supply of available inventory of 79, a decrease of 22%.

Median Sale Price
Last October, the median sale price for Havertown and Broomall Homes was $377,500. This October, the median sale price was $425,000, an increase of 13% or $47,500 compared to last year. The current median sold price is 1% lower than in September.

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


New Listings
70
Current Contracts
74
Sold Vs. List Price
99.3%
Months of Supply
1.1
Down -20%
Vs. Year Ago
Up 9%
Vs. Year Ago
Down -0.8%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In October, there was 1.1 months of supply available in Havertown and Broomall. 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 70 homes newly listed for sale in Havertown and Broomall compared to 87 in October 2020, a decrease of 20%. There were 74 current contracts pending sale this October compared to 68 a year ago. The number of current contracts is 9% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Havertown and Broomall was 99.3% of the average list price, which is 0.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 25, higher than the average last year, which was 15, an increase of 67%.

The Long & Foster Market Minute Havertown and Broomall are defined as properties listed in zip code/s 19008 and 19083.
*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.