BRIDGEPORT AND KING OF PRUSSIA HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in March, with 25 sold this month in Bridgeport and King of Prussia Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024.

Versus last year, the total number of homes available this month is lower by 6 units or 13%. The total number of active inventory this March was 41 compared to 47 in March 2024. This month's total of 41 is lower than the previous month's total supply of available inventory of 44, a decrease of 7%.

Last March, the median sale price for Bridgeport and King of Prussia Homes was $525,000. This March, the median sale price was $420,000, a decrease of 20% or $105,000 compared to last year. The current median sold price is 12% lower 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.

In March, there was 1.6 months of supply available in Bridgeport and King of Prussia, compared to 2.8 in March 2024. That is a decrease of 41% 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 Bridgeport and King of Prussia compared to 32 in March 2024, an increase of 9%. There were 34 current contracts pending sale this March compared to 29 a year ago. The number of current contracts is 17% higher than last March.

In March, the average sale price in Bridgeport and King of Prussia was 98.8% of the average list price, which is 3.3% lower than at this time last year.

This month, the average number of days on market was 37, higher than the average last year, which was 21. This increase was impacted by the limited number of sales.





FOCUS ON: BRIDGEPORT AND KING OF PRUSSIA HOUSING MARKET			MARCH 2025

Zip Code(s): 19406 and 19405
Units Sold 25	Active Inventory 41	Median Sale Price $420,000	Days On Market 37

Up Vs. Year Ago	Down -13% Vs. Year Ago	Down -20% Vs. Year Ago	Up Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in March, with 25 sold this month in Bridgeport and King of Prussia Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 6 units or 13%. The total number of active inventory this March was 41 compared to 47 in March 2024. This month's total of 41 is lower than the previous month's total supply of available inventory of 44, a decrease of 7%.
		Median Sale Price Last March, the median sale price for Bridgeport and King of Prussia Homes was $525,000. This March, the median sale price was $420,000, a decrease of 20% or $105,000 compared to last year. The current median sold price is 12% lower 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 35	Current Contracts 34	Sold Vs. List Price 98.8%	Months of Supply 1.6

Up 9% Vs. Year Ago	Up 17% Vs. Year Ago	Down -3.3% Vs. Year Ago	Down -41% Vs. Year Ago


		Months of Supply In March, there was 1.6 months of supply available in Bridgeport and King of Prussia, compared to 2.8 in March 2024. That is a decrease of 41% 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 Bridgeport and King of Prussia compared to 32 in March 2024, an increase of 9%. There were 34 current contracts pending sale this March compared to 29 a year ago. The number of current contracts is 17% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Bridgeport and King of Prussia was 98.8% of the average list price, which is 3.3% lower than at this time last year. Days on Market This month, the average number of days on market was 37, higher than the average last year, which was 21. This increase was impacted by the limited number of sales.


	Bridgeport and King of Prussia are defined as properties listed in zip code/s 19406 and 19405.
	*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.