MERCHANTVILLE AND PENNSAUKEN HOUSING MARKET DATA

There was a decrease in total units sold in May, with 29 sold this month in Merchantville and Pennsauken Real Estate versus 35 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 26% versus May 2024.

Versus last year, the total number of homes available this month is lower by 9 units or 16%. The total number of active inventory this May was 49 compared to 58 in May 2024. This month's total of 49 is lower than the previous month's total supply of available inventory of 55, a decrease of 11%.

Last May, the median sale price for Merchantville and Pennsauken Homes was $320,000. This May, the median sale price was $330,000, an increase of 3% or $10,000 compared to last year. The current median sold price is 7% higher than in April.

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

In May, there was 1.7 months of supply available in Merchantville and Pennsauken, compared to 1.5 in May 2024. That is an increase of 14% 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 36 homes newly listed for sale in Merchantville and Pennsauken compared to 40 in May 2024, a decrease of 10%. There were 36 current contracts pending sale this May compared to 32 a year ago. The number of current contracts is 13% higher than last May.

In May, the average sale price in Merchantville and Pennsauken was 102.2% of the average list price, which is 1.9% lower than at this time last year.

This month, the average number of days on market was 36, higher than the average last year, which was 19. This increase was impacted by the limited number of sales.





FOCUS ON: MERCHANTVILLE AND PENNSAUKEN HOUSING MARKET			MAY 2025

Zip Code(s): 08110 and 08109
Units Sold 29	Active Inventory 49	Median Sale Price $330,000	Days On Market 36

Down -26% Vs. Year Ago	Down -16% Vs. Year Ago	Up 3% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 29 sold this month in Merchantville and Pennsauken Real Estate versus 35 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 26% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 9 units or 16%. The total number of active inventory this May was 49 compared to 58 in May 2024. This month's total of 49 is lower than the previous month's total supply of available inventory of 55, a decrease of 11%.
		Median Sale Price Last May, the median sale price for Merchantville and Pennsauken Homes was $320,000. This May, the median sale price was $330,000, an increase of 3% or $10,000 compared to last year. The current median sold price is 7% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 36	Current Contracts 36	Sold Vs. List Price 102.2%	Months of Supply 1.7

Down -10% Vs. Year Ago	Up 13% Vs. Year Ago	Down -1.8% Vs. Year Ago	Up 13% Vs. Year Ago


		Months of Supply In May, there was 1.7 months of supply available in Merchantville and Pennsauken, compared to 1.5 in May 2024. That is an increase of 14% 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 36 homes newly listed for sale in Merchantville and Pennsauken compared to 40 in May 2024, a decrease of 10%. There were 36 current contracts pending sale this May compared to 32 a year ago. The number of current contracts is 13% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Merchantville and Pennsauken was 102.2% of the average list price, which is 1.9% lower than at this time last year. Days on Market This month, the average number of days on market was 36, higher than the average last year, which was 19. This increase was impacted by the limited number of sales.


	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.