PIKE CREEK, ELSMERE, AND NEWPORT HOUSING MARKET DATA

There was a decrease in total units sold in July, with 76 sold this month in Pike Creek, Elsmere, and Newport Real Estate versus 87 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 32% versus July 2024.

Versus last year, the total number of homes available this month is lower by 21 units or 16%. The total number of active inventory this July was 110 compared to 131 in July 2024. This month's total of 110 is lower than the previous month's total supply of available inventory of 125, a decrease of 12%.

Last July, the median sale price for Pike Creek, Elsmere, and Newport Homes was $299,900. This July, the median sale price was $310,000, an increase of 3% or $10,100 compared to last year. The current median sold price is 5% lower than in June.

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

In July, there was 1.4 months of supply available in Pike Creek, Elsmere, and Newport, compared to 1.2 in July 2024. That is an increase of 23% 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 99 homes newly listed for sale in Pike Creek, Elsmere, and Newport compared to 122 in July 2024, a decrease of 19%. There were 101 current contracts pending sale this July compared to 82 a year ago. The number of current contracts is 23% higher than last July.

In July, the average sale price in Pike Creek, Elsmere, and Newport was 99.8% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 19, higher than the average last year, which was 18, an increase of 6%.





FOCUS ON: PIKE CREEK, ELSMERE, AND NEWPORT HOUSING MARKET			JULY 2025

Zip Code(s): 19804, 19805 and 19808
Units Sold 76	Active Inventory 110	Median Sale Price $310,000	Days On Market 19

Down -32% Vs. Year Ago	Down -16% Vs. Year Ago	Up 3% Vs. Year Ago	Up 6% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 76 sold this month in Pike Creek, Elsmere, and Newport Real Estate versus 87 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 32% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 21 units or 16%. The total number of active inventory this July was 110 compared to 131 in July 2024. This month's total of 110 is lower than the previous month's total supply of available inventory of 125, a decrease of 12%.
		Median Sale Price Last July, the median sale price for Pike Creek, Elsmere, and Newport Homes was $299,900. This July, the median sale price was $310,000, an increase of 3% or $10,100 compared to last year. The current median sold price is 5% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 99	Current Contracts 101	Sold Vs. List Price 99.8%	Months of Supply 1.4

Down -19% Vs. Year Ago	Up 23% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 23% Vs. Year Ago


		Months of Supply In July, there was 1.4 months of supply available in Pike Creek, Elsmere, and Newport, compared to 1.2 in July 2024. That is an increase of 23% 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 99 homes newly listed for sale in Pike Creek, Elsmere, and Newport compared to 122 in July 2024, a decrease of 19%. There were 101 current contracts pending sale this July compared to 82 a year ago. The number of current contracts is 23% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Pike Creek, Elsmere, and Newport was 99.8% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 19, higher than the average last year, which was 18, an increase of 6%.


	Pike Creek, Elsmere, and Newport are defined as properties listed in zip code/s 19804, 19805 and 19808.
	*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.