Blue Bell, Five Points, and Plymouth Meeting Housing Market Data

With relatively few transactions, there was a decrease in total units sold in February, with 13 sold this month in Blue Bell, Five Points, and Plymouth Meeting Real Estate. This month's total units sold was lower than at this time last year, a decrease from February 2022.

Versus last year, the total number of homes available this month is higher by 22 units or 105%. The total number of active inventory this February was 43 compared to 21 in February 2022. This month's total of 43 is higher than the previous month's total supply of available inventory of 40, an increase of 8%.

Last February, the median sale price for Blue Bell, Five Points, and Plymouth Meeting Homes was $441,562. This February, the median sale price was $440,000, which is similar compared to a year ago. The current median sold price is 14% lower than in January.

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

In February, there was 3.3 months of supply available in Blue Bell, Five Points, and Plymouth Meeting, compared to 1.0 in February 2022. That is an increase of 247% 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 35 homes newly listed for sale in Blue Bell, Five Points, and Plymouth Meeting compared to 27 in February 2022, an increase of 30%. There were 26 current contracts pending sale this February compared to 30 a year ago. The number of current contracts is 13% lower than last February.

In February, the average sale price in Blue Bell, Five Points, and Plymouth Meeting was 98.7% 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 32, higher than the average last year, which was 30, an increase of 7%.





Focus On: Blue Bell, Five Points, and Plymouth Meeting Housing Market			February 2023

Zip Code(s): 19422 and 19462
Units Sold 13	Active Inventory 43	Median Sale Price $440,000	Days On Market 32

Down Vs. Year Ago	Up 105% Vs. Year Ago	No Change Vs. Year Ago	Up 7% Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in February, with 13 sold this month in Blue Bell, Five Points, and Plymouth Meeting Real Estate. This month's total units sold was lower than at this time last year, a decrease from February 2022.
Active Inventory Versus last year, the total number of homes available this month is higher by 22 units or 105%. The total number of active inventory this February was 43 compared to 21 in February 2022. This month's total of 43 is higher than the previous month's total supply of available inventory of 40, an increase of 8%.
		Median Sale Price Last February, the median sale price for Blue Bell, Five Points, and Plymouth Meeting Homes was $441,562. This February, the median sale price was $440,000, which is similar compared to a year ago. The current median sold price is 14% lower than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 35	Current Contracts 26	Sold Vs. List Price 98.7%	Months of Supply 3.3

Up 30% Vs. Year Ago	Down -13% Vs. Year Ago	Down -1.9% Vs. Year Ago	Up 248% Vs. Year Ago


		Months of Supply In February, there was 3.3 months of supply available in Blue Bell, Five Points, and Plymouth Meeting, compared to 1.0 in February 2022. That is an increase of 247% 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 35 homes newly listed for sale in Blue Bell, Five Points, and Plymouth Meeting compared to 27 in February 2022, an increase of 30%. There were 26 current contracts pending sale this February compared to 30 a year ago. The number of current contracts is 13% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Blue Bell, Five Points, and Plymouth Meeting was 98.7% 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 32, higher than the average last year, which was 30, an increase of 7%.


	Blue Bell, Five Points, and Plymouth Meeting are defined as properties listed in zip code/s 19422 and 19462.
	*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.