The Long & Foster Market Minute

Focus On: Boothwyn and Marcus Hook Housing Market March 2024

Zip Code(s): 19061
Units Sold
20
Active Inventory
23
Median Sale Price
$267,500
Days On Market
21
Up
Vs. Year Ago
Up 44%
Vs. Year Ago
Up
Vs. Year Ago
Down -30%
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 20 sold this month in Boothwyn and Marcus Hook Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2023.

Active Inventory
Versus last year, the total number of homes available this month is higher by 7 units or 44%. The total number of active inventory this March was 23 compared to 16 in March 2023. This month's total of 23 is higher than the previous month's total supply of available inventory of 18, an increase of 28%.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Boothwyn and Marcus Hook Homes was $200,000. This March, the median sale price was $267,500, an increase of $67,500 compared to last year. The current median sold price is higher than in February.

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


New Listings
26
Current Contracts
20
Sold Vs. List Price
100.2%
Months of Supply
1.2
Up 18%
Vs. Year Ago
Down -5%
Vs. Year Ago
Up 3.1%
Vs. Year Ago
Up 22%
Vs. Year Ago

Months of Supply
In March, there was 1.2 months of supply available in Boothwyn and Marcus Hook, compared to 0.9 in March 2023. That is an increase 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 26 homes newly listed for sale in Boothwyn and Marcus Hook compared to 22 in March 2023, an increase of 18%. There were 20 current contracts pending sale this March compared to 21 a year ago. The number of current contracts is 5% lower than last March.

Sale Price to List Price Ratio
In March, the average sale price in Boothwyn and Marcus Hook was 100.2% of the average list price, which is 3.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 21, lower than the average last year, which was 30, a decrease of 30%.

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.