The Long & Foster Market Minute

Focus On: Boothwyn and Marcus Hook Housing Market August 2021

Zip Code(s): 19061
Units Sold
36
Active Inventory
28
Median Sale Price
$274,935
Days On Market
11
Up
Vs. Year Ago
Down -39%
Vs. Year Ago
Up
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in August, with 36 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 August 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 18 units or 39%. The total number of active inventory this August was 28 compared to 46 in August 2020. This month's total of 28 is lower than the previous month's total supply of available inventory of 42, a decrease of 33%.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last August, the median sale price for Boothwyn and Marcus Hook Homes was $157,500. This August, the median sale price was $274,935, an increase of $117,435 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
32
Current Contracts
39
Sold Vs. List Price
102.7%
Months of Supply
0.8
Down -11%
Vs. Year Ago
Up 22%
Vs. Year Ago
Up
Vs. Year Ago
Down -56%
Vs. Year Ago

Months of Supply
In August, there was 0.8 months of supply available in Boothwyn and Marcus Hook, compared to 1.8 in August 2020. That is a decrease of 56% 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 32 homes newly listed for sale in Boothwyn and Marcus Hook compared to 36 in August 2020, a decrease of 11%. There were 39 current contracts pending sale this August compared to 32 a year ago. The number of current contracts is 22% higher than last August.

Sale Price to List Price Ratio
In August, the average sale price in Boothwyn and Marcus Hook was 102.7% of the average list price, which is higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 35. This decrease was impacted by the limited number of sales.

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.