Phoenixville Housing Market Data

The number of units sold remained stable in October, with 39 sold this month in Phoenixville Real Estate. This month's total units sold was higher than at this time last year, an increase of 26% versus October 2022.

Versus last year, the total number of homes available this month is lower by 9 units or 18%. The total number of active inventory this October was 41 compared to 50 in October 2022. This month's supply remained stable as compared to last month.

Last October, the median sale price for Phoenixville Homes was $440,250. This October, the median sale price was $455,000, an increase of 3% or $14,750 compared to last year. The current median sold price is 3% 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 Phoenixville, compared to 1.6 in October 2022. That is a decrease of 33% 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.

This month there were 42 homes newly listed for sale in Phoenixville compared to 57 in October 2022, a decrease of 26%. There were 39 current contracts pending sale this October compared to 54 a year ago. The number of current contracts is 28% lower than last October.

In October, the average sale price in Phoenixville was 102.1% of the average list price, which is 2.2% lower than at this time last year.

This month, the average number of days on market was 14, lower than the average last year, which was 44. This decrease was impacted by the limited number of sales.





Focus On: Phoenixville Housing Market			October 2023

Zip Code(s): 19460, 19480 and 19442
Units Sold 39	Active Inventory 41	Median Sale Price $455,000	Days On Market 14

Up 22% Vs. Year Ago	Down -18% Vs. Year Ago	Up 3% Vs. Year Ago	Down Vs. Year Ago


		Units Sold The number of units sold remained stable in October, with 39 sold this month in Phoenixville Real Estate. This month's total units sold was higher than at this time last year, an increase of 26% versus October 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 9 units or 18%. The total number of active inventory this October was 41 compared to 50 in October 2022. This month's supply remained stable as compared to last month.
		Median Sale Price Last October, the median sale price for Phoenixville Homes was $440,250. This October, the median sale price was $455,000, an increase of 3% or $14,750 compared to last year. The current median sold price is 3% 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 42	Current Contracts 39	Sold Vs. List Price 102.1%	Months of Supply 1.1

Down -26% Vs. Year Ago	Down -28% Vs. Year Ago	Down -2.1% Vs. Year Ago	Down -33% Vs. Year Ago


		Months of Supply In October, there was 1.1 months of supply available in Phoenixville, compared to 1.6 in October 2022. That is a decrease of 33% 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 42 homes newly listed for sale in Phoenixville compared to 57 in October 2022, a decrease of 26%. There were 39 current contracts pending sale this October compared to 54 a year ago. The number of current contracts is 28% lower than last October.
		Sale Price to List Price Ratio In October, the average sale price in Phoenixville was 102.1% of the average list price, which is 2.2% lower than at this time last year. Days on Market This month, the average number of days on market was 14, lower than the average last year, which was 44. This decrease was impacted by the limited number of sales.


	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.
	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.