AUDUBON, EAST NORRITON, AND WEST NORRITON HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in May, with 38 sold this month in Audubon, East Norriton, and West Norriton Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2024.

Versus last year, the total number of homes available this month is lower by 2 units or 4%. The total number of active inventory this May was 51 compared to 53 in May 2024. This month's total of 51 is higher than the previous month's total supply of available inventory of 44, an increase of 16%.

Last May, the median sale price for Audubon, East Norriton, and West Norriton Homes was $382,500. This May, the median sale price was $452,500, an increase of 18% or $70,000 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 1.3 months of supply available in Audubon, East Norriton, and West Norriton. The amount of supply is similar compared to 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 62 homes newly listed for sale in Audubon, East Norriton, and West Norriton compared to 63 in May 2024, a decrease of 2%. There were 51 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 21% higher than last month.

In May, the average sale price in Audubon, East Norriton, and West Norriton was 102.6% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 8, lower than the average last year, which was 14, a decrease of 43%.





FOCUS ON: AUDUBON, EAST NORRITON, AND WEST NORRITON HOUSING MARKET			MAY 2025

Zip Code(s): 19403 and 19456
Units Sold 38	Active Inventory 51	Median Sale Price $452,500	Days On Market 8

Down Vs. Year Ago	Down -4% Vs. Year Ago	Up 18% Vs. Year Ago	Down -43% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in May, with 38 sold this month in Audubon, East Norriton, and West Norriton Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 2 units or 4%. The total number of active inventory this May was 51 compared to 53 in May 2024. This month's total of 51 is higher than the previous month's total supply of available inventory of 44, an increase of 16%.
		Median Sale Price Last May, the median sale price for Audubon, East Norriton, and West Norriton Homes was $382,500. This May, the median sale price was $452,500, an increase of 18% or $70,000 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 62	Current Contracts 51	Sold Vs. List Price 102.6%	Months of Supply 1.3

Down -2% Vs. Year Ago	No Change Vs. Year Ago	Down -0.6% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In May, there was 1.3 months of supply available in Audubon, East Norriton, and West Norriton. The amount of supply is similar compared to 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 62 homes newly listed for sale in Audubon, East Norriton, and West Norriton compared to 63 in May 2024, a decrease of 2%. There were 51 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 21% higher than last month.
		Sale Price to List Price Ratio In May, the average sale price in Audubon, East Norriton, and West Norriton was 102.6% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 8, lower than the average last year, which was 14, a decrease of 43%.


	Audubon, East Norriton, and West Norriton are defined as properties listed in zip code/s 19403 and 19456.
	*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.