BUCKINGHAM AND NEW HOPE HOUSING MARKET DATA

There was a decrease in total units sold in June, with 45 sold this month in Buckingham and New Hope Real Estate versus 46 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 2% versus June 2024.

Versus last year, the total number of homes available this month is lower by 6 units or 6%. The total number of active inventory this June was 99 compared to 105 in June 2024. This month's total of 99 is lower than the previous month's total supply of available inventory of 107, a decrease of 7%.

Last June, the median sale price for Buckingham and New Hope Homes was $885,625. This June, the median sale price was $829,900, a decrease of 6% or $55,725 compared to last year. The current median sold price is 1% lower than in May.

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

In June, there was 2.2 months of supply available in Buckingham and New Hope. The amount of supply is similar compared to 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 49 homes newly listed for sale in Buckingham and New Hope, which is similar to the amount in June 2024. There were 50 current contracts pending sale this June compared to 41 a year ago. The number of current contracts is 22% higher than last June.

In June, the average sale price in Buckingham and New Hope was 97.9% of the average list price, which is 3.2% lower than at this time last year.

This month, the average number of days on market was 31, higher than the average last year, which was 16, an increase of 94%.





FOCUS ON: BUCKINGHAM AND NEW HOPE HOUSING MARKET			JUNE 2025

Zip Code(s): 18902, 18938, 18913, 18928, 18933, 18931 and 18912
Units Sold 45	Active Inventory 99	Median Sale Price $829,900	Days On Market 31

Down -2% Vs. Year Ago	Down -6% Vs. Year Ago	Down -6% Vs. Year Ago	Up 94% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 45 sold this month in Buckingham and New Hope Real Estate versus 46 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 2% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 6 units or 6%. The total number of active inventory this June was 99 compared to 105 in June 2024. This month's total of 99 is lower than the previous month's total supply of available inventory of 107, a decrease of 7%.
		Median Sale Price Last June, the median sale price for Buckingham and New Hope Homes was $885,625. This June, the median sale price was $829,900, a decrease of 6% or $55,725 compared to last year. The current median sold price is 1% lower than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 49	Current Contracts 50	Sold Vs. List Price 97.9%	Months of Supply 2.2

No Change Vs. Year Ago	Up 22% Vs. Year Ago	Down -3.2% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In June, there was 2.2 months of supply available in Buckingham and New Hope. The amount of supply is similar compared to 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 49 homes newly listed for sale in Buckingham and New Hope, which is similar to the amount in June 2024. There were 50 current contracts pending sale this June compared to 41 a year ago. The number of current contracts is 22% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Buckingham and New Hope was 97.9% of the average list price, which is 3.2% lower than at this time last year. Days on Market This month, the average number of days on market was 31, higher than the average last year, which was 16, an increase of 94%.


	Buckingham and New Hope are defined as properties listed in zip code/s 18902, 18938, 18913, 18928, 18933, 18931 and 18912.
	*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.