The Long & Foster Market Minute

Focus On: Aston and Brookhaven Housing Market January 2024

Zip Code(s): 19014, 19015 and 19017
Units Sold
38
Active Inventory
23
Median Sale Price
$295,000
Days On Market
17
Up
Vs. Year Ago
Down -21%
Vs. Year Ago
Up
Vs. Year Ago
Up 6%
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in January, with 38 sold this month in Aston and Brookhaven Real Estate. This month's total units sold was higher than at this time last year, an increase from January 2023.

Active Inventory
Versus last year, the total number of homes available this month is lower by 6 units or 21%. The total number of active inventory this January was 23 compared to 29 in January 2023. This month's total of 23 is lower than the previous month's total supply of available inventory of 33, a decrease of 30%.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last January, the median sale price for Aston and Brookhaven Homes was $232,450. This January, the median sale price was $295,000, an increase of $62,550 compared to last year. The current median sold price is higher than in December.

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


New Listings
29
Current Contracts
36
Sold Vs. List Price
99.7%
Months of Supply
0.6
Down -22%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Down -50%
Vs. Year Ago

Months of Supply
In January, there was 0.6 months of supply available in Aston and Brookhaven, compared to 1.2 in January 2023. That is a decrease of 50% 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 29 homes newly listed for sale in Aston and Brookhaven compared to 37 in January 2023, a decrease of 22%. There were 36 current contracts pending sale this January compared to 31 a year ago. The number of current contracts is 16% higher than last January.

Sale Price to List Price Ratio
In January, the average sale price in Aston and Brookhaven was 99.7% of the average list price, which is 0.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 17, higher than the average last year, which was 16, an increase of 6%.

The Long & Foster Market Minute Aston and Brookhaven are defined as properties listed in zip code/s 19014, 19015 and 19017.
*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.