The Long & Foster Market Minute

Focus On: Aston and Brookhaven Housing Market October 2022

Zip Code(s): 19014, 19015 and 19017
Units Sold
37
Active Inventory
46
Median Sale Price
$280,000
Days On Market
16
Down
Vs. Year Ago
Down -6%
Vs. Year Ago
No Change
Vs. Year Ago
Up 23%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in October, with 37 sold this month in Aston and Brookhaven Real Estate. This month's total units sold was lower than at this time last year, a decrease from October 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 3 units or 6%. The total number of active inventory this October was 46 compared to 49 in October 2021. This month's total of 46 is lower than the previous month's total supply of available inventory of 54, a decrease of 15%.

Median Sale Price
Last October, the median sale price for Aston and Brookhaven Homes was $280,000. This October, the median sale price was $280,000, which is similar compared to a year ago. The current median sold price is 16% higher than in September.

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


New Listings
45
Current Contracts
45
Sold Vs. List Price
99.5%
Months of Supply
1.2
Down -27%
Vs. Year Ago
Down -6%
Vs. Year Ago
Down -1.2%
Vs. Year Ago
Up 77%
Vs. Year Ago

Months of Supply
In October, there was 1.2 months of supply available in Aston and Brookhaven, compared to 0.7 in October 2021. That is an increase of 78% 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 45 homes newly listed for sale in Aston and Brookhaven compared to 62 in October 2021, a decrease of 27%. There were 45 current contracts pending sale this October compared to 48 a year ago. The number of current contracts is 6% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Aston and Brookhaven was 99.5% 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 16, higher than the average last year, which was 13, an increase of 23%.

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.