The Long & Foster Market Minute

Focus On: Aston and Brookhaven Housing Market August 2021

Zip Code(s): 19014, 19015 and 19017
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -10%
Vs. Year Ago
Up 14%
Vs. Year Ago
Up 27%
Vs. Year Ago
Down -31%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 57 sold this month in Aston and Brookhaven Real Estate versus 81 last month, a decrease of 30%. This month's total units sold was lower than at this time last year, a decrease of 10% versus August 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 6 units or 14%. The total number of active inventory this August was 48 compared to 42 in August 2020. This month's total of 48 is lower than the previous month's total supply of available inventory of 58, a decrease of 17%.

Median Sale Price
Last August, the median sale price for Aston and Brookhaven Homes was $239,450. This August, the median sale price was $305,000, an increase of $65,550 compared to last year. The current median sold price is higher than in July.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -3%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 2.2%
Vs. Year Ago
Up 25%
Vs. Year Ago

Months of Supply
In August, there was 0.8 months of supply available in Aston and Brookhaven, compared to 0.7 in August 2020. That is an increase of 26% 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 63 homes newly listed for sale in Aston and Brookhaven compared to 65 in August 2020, a decrease of 3%. There were 65 current contracts pending sale this August compared to 64 a year ago. The number of current contracts is 2% higher than last August.

Sale Price to List Price Ratio
In August, the average sale price in Aston and Brookhaven was 101.7% of the average list price, which is 2.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 9, lower than the average last year, which was 13, a decrease of 31%.

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.