Phoenixville Housing Market Data

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.

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%.

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.

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.

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.

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.

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





Focus On: Phoenixville Housing Market			February 2023

Zip Code(s): 19460, 19480 and 19442
Units Sold 26	Active Inventory 22	Median Sale Price $436,250	Days On Market 28

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 32	Current Contracts 36	Sold Vs. List Price 100.8%	Months of Supply 0.8

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%.


	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.