The Long & Foster Market Minute

Focus On: Boothwyn and Marcus Hook Housing Market October 2022

Zip Code(s): 19061
Units Sold
31
Active Inventory
25
Median Sale Price
$283,000
Days On Market
26
Up 15%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 18%
Vs. Year Ago
Up 24%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 31 sold this month in Boothwyn and Marcus Hook Real Estate versus 26 last month, an increase of 19%. This month's total units sold was higher than at this time last year, an increase of 15% versus October 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 3 units or 11%. The total number of active inventory this October was 25 compared to 28 in October 2021. This month's total of 25 is higher than the previous month's total supply of available inventory of 21, an increase of 19%.

Median Sale Price
Last October, the median sale price for Boothwyn and Marcus Hook Homes was $240,000. This October, the median sale price was $283,000, an increase of 18% or $43,000 compared to last year. The current median sold price is 6% 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
24
Current Contracts
16
Sold Vs. List Price
96.1%
Months of Supply
0.8
Down -25%
Vs. Year Ago
Down -41%
Vs. Year Ago
Down -3.9%
Vs. Year Ago
Down -22%
Vs. Year Ago

Months of Supply
In October, there was 0.8 months of supply available in Boothwyn and Marcus Hook, compared to 1.0 in October 2021. That is a decrease of 22% 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 24 homes newly listed for sale in Boothwyn and Marcus Hook compared to 32 in October 2021, a decrease of 25%. There were 16 current contracts pending sale this October compared to 27 a year ago. The number of current contracts is 41% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Boothwyn and Marcus Hook was 96.1% of the average list price, which is 3.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 26, higher than the average last year, which was 21, an increase of 24%.

The Long & Foster Market Minute Boothwyn and Marcus Hook are defined as properties listed in zip code/s 19061.
*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.