Havertown and Broomall Housing Market Data

There was an increase in total units sold in October, with 47 sold this month in Havertown and Broomall Real Estate versus 41 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 9% versus October 2022.

Versus last year, the total number of homes available this month is higher by 5 units or 11%. The total number of active inventory this October was 51 compared to 46 in October 2022. This month's total of 51 is lower than the previous month's total supply of available inventory of 52, a decrease of 2%.

Last October, the median sale price for Havertown and Broomall Homes was $455,000. This October, the median sale price was $530,000, an increase of 16% or $75,000 compared to last year. The current median sold price is 12% higher 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.

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.

This month there were 51 homes newly listed for sale in Havertown and Broomall, which is similar to the amount in October 2022. There were 42 current contracts pending sale this October compared to 51 a year ago. The number of current contracts is 18% lower than last October.

In October, the average sale price in Havertown and Broomall was 102.9% of the average list price, which is 2.8% higher than at this time last year.

This month, the average number of days on market was 25, higher than the average last year, which was 24, an increase of 4%.





Focus On: Havertown and Broomall Housing Market			October 2023

Zip Code(s): 19008 and 19083
Units Sold 47	Active Inventory 51	Median Sale Price $530,000	Days On Market 25

Up 9% Vs. Year Ago	Up 11% Vs. Year Ago	Up 16% Vs. Year Ago	Up 4% Vs. Year Ago


		Units Sold There was an increase in total units sold in October, with 47 sold this month in Havertown and Broomall Real Estate versus 41 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 9% versus October 2022.
Active Inventory Versus last year, the total number of homes available this month is higher by 5 units or 11%. The total number of active inventory this October was 51 compared to 46 in October 2022. This month's total of 51 is lower than the previous month's total supply of available inventory of 52, a decrease of 2%.
		Median Sale Price Last October, the median sale price for Havertown and Broomall Homes was $455,000. This October, the median sale price was $530,000, an increase of 16% or $75,000 compared to last year. The current median sold price is 12% higher 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 51	Current Contracts 42	Sold Vs. List Price 102.9%	Months of Supply 1.1

No Change Vs. Year Ago	Down -18% Vs. Year Ago	Up 2.8% 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 51 homes newly listed for sale in Havertown and Broomall, which is similar to the amount in October 2022. There were 42 current contracts pending sale this October compared to 51 a year ago. The number of current contracts is 18% lower than last October.
		Sale Price to List Price Ratio In October, the average sale price in Havertown and Broomall was 102.9% of the average list price, which is 2.8% higher 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 24, an increase of 4%.


	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.
	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.