The Long & Foster Market Minute

Focus On: Phoenixville Housing Market February 2023

Zip Code(s): 19460, 19480 and 19442
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 18%
Vs. Year Ago
Down -52%
Vs. Year Ago
Up 19%
Vs. Year Ago
Down -28%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in February, with 26 sold this month in Phoenixville Real Estate versus 36 last month, a decrease of 28%. This month's total units sold was higher than at this time last year, an increase of 18% versus February 2022.

Active Inventory
Versus last year, the total number of homes available this month is lower by 24 units or 52%. The total number of active inventory this February was 22 compared to 46 in February 2022. This month's total of 22 is lower than the previous month's total supply of available inventory of 30, a decrease of 27%.

Median Sale Price
Last February, the median sale price for Phoenixville Homes was $367,500. This February, the median sale price was $436,250, an increase of 19% or $68,750 compared to last year. The current median sold price is 4% higher than in January.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -30%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -1.1%
Vs. Year Ago
Down -59%
Vs. Year Ago

Months of Supply
In February, there was 0.8 months of supply available in Phoenixville, compared to 2.1 in February 2022. That is a decrease of 60% 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 32 homes newly listed for sale in Phoenixville compared to 46 in February 2022, a decrease of 30%. There were 36 current contracts pending sale this February compared to 35 a year ago. The number of current contracts is 3% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Phoenixville was 100.8% of the average list price, which is 1.2% lower than at this time last year.

Days on Market
This month, the average number of days on market was 28, lower than the average last year, which was 39, a decrease of 28%.

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.