MERCHANTVILLE AND PENNSAUKEN HOUSING MARKET DATA

There was an increase in total units sold in June, with 42 sold this month in Merchantville and Pennsauken Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 8 units or 16%. The total number of active inventory this June was 57 compared to 49 in June 2024. This month's total of 57 is higher than the previous month's total supply of available inventory of 53, an increase of 8%.

Last June, the median sale price for Merchantville and Pennsauken Homes was $352,500. This June, the median sale price was $312,450, a decrease of 11% or $40,050 compared to last year. The current median sold price is 5% lower than in May.

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

In June, there was 1.4 months of supply available in Merchantville and Pennsauken, compared to 2.0 in June 2024. That is a decrease of 34% 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 37 homes newly listed for sale in Merchantville and Pennsauken compared to 35 in June 2024, an increase of 6%. There were 30 current contracts pending sale this June compared to 40 a year ago. The number of current contracts is 25% lower than last June.

In June, the average sale price in Merchantville and Pennsauken was 101.5% of the average list price, which is 3.1% lower than at this time last year.

This month, the average number of days on market was 24, higher than the average last year, which was 21, an increase of 14%.





FOCUS ON: MERCHANTVILLE AND PENNSAUKEN HOUSING MARKET			JUNE 2025

Zip Code(s): 08110 and 08109
Units Sold 42	Active Inventory 57	Median Sale Price $312,450	Days On Market 24

Up Vs. Year Ago	Up 16% Vs. Year Ago	Down -11% Vs. Year Ago	Up 14% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 42 sold this month in Merchantville and Pennsauken Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 8 units or 16%. The total number of active inventory this June was 57 compared to 49 in June 2024. This month's total of 57 is higher than the previous month's total supply of available inventory of 53, an increase of 8%.
		Median Sale Price Last June, the median sale price for Merchantville and Pennsauken Homes was $352,500. This June, the median sale price was $312,450, a decrease of 11% or $40,050 compared to last year. The current median sold price is 5% lower than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 37	Current Contracts 30	Sold Vs. List Price 101.5%	Months of Supply 1.4

Up 6% Vs. Year Ago	Down -25% Vs. Year Ago	Down -3% Vs. Year Ago	Down -33% Vs. Year Ago


		Months of Supply In June, there was 1.4 months of supply available in Merchantville and Pennsauken, compared to 2.0 in June 2024. That is a decrease of 34% 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 37 homes newly listed for sale in Merchantville and Pennsauken compared to 35 in June 2024, an increase of 6%. There were 30 current contracts pending sale this June compared to 40 a year ago. The number of current contracts is 25% lower than last June.
		Sale Price to List Price Ratio In June, the average sale price in Merchantville and Pennsauken was 101.5% of the average list price, which is 3.1% lower than at this time last year. Days on Market This month, the average number of days on market was 24, higher than the average last year, which was 21, an increase of 14%.


	Merchantville and Pennsauken are defined as properties listed in zip code/s 08110 and 08109.
	*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.