The Long & Foster Market Minute

Focus On: Phoenixville Housing Market April 2022

Zip Code(s): 19460, 19480 and 19442
Units Sold
39
Active Inventory
44
Median Sale Price
$380,000
Days On Market
13
Down -20%
Vs. Year Ago
Down -19%
Vs. Year Ago
Up 8%
Vs. Year Ago
Down -35%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 39 sold this month in Phoenixville Real Estate versus 41 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 20% versus April 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 10 units or 19%. The total number of active inventory this April was 44 compared to 54 in April 2021. This month's total of 44 is higher than the previous month's total supply of available inventory of 34, an increase of 29%.

Median Sale Price
Last April, the median sale price for Phoenixville Homes was $350,500. This April, the median sale price was $380,000, an increase of 8% or $29,500 compared to last year. The current median sold price is 6% 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
87
Current Contracts
67
Sold Vs. List Price
104.1%
Months of Supply
1.1
Down -15%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 1.5%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In April, there was 1.1 months of supply available in Phoenixville. 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 87 homes newly listed for sale in Phoenixville compared to 102 in April 2021, a decrease of 15%. There were 67 current contracts pending sale this April compared to 81 a year ago. The number of current contracts is 17% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Phoenixville was 104.1% of the average list price, which is 1.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 13, lower than the average last year, which was 20, a decrease of 35%.

The Long & Foster Market Minute Phoenixville are defined as properties listed in zip code/s 19460, 19480 and 19442.
*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.