The Long & Foster Market Minute

Focus On: Chester, Ridley Park, Woodlyn Housing Market December 2021

Zip Code(s): 19013, 19078, 19094, 19022, 19029 and 19076
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -21%
Vs. Year Ago
Down -8%
Vs. Year Ago
Up 9%
Vs. Year Ago
Up 21%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 55 sold this month in Chester, Ridley Park, Woodlyn Real Estate versus 49 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 21% versus December 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 5 units or 8%. The total number of active inventory this December was 56 compared to 61 in December 2020. This month's total of 56 is lower than the previous month's total supply of available inventory of 84, a decrease of 33%.

Median Sale Price
Last December, the median sale price for Chester, Ridley Park, Woodlyn Homes was $175,000. This December, the median sale price was $190,000, an increase of 9% or $15,000 compared to last year. The current median sold price is 5% lower than in November.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -9%
Vs. Year Ago
Up 47%
Vs. Year Ago
No Change
Vs. Year Ago
Up 17%
Vs. Year Ago

Months of Supply
In December, there was 1.0 months of supply available in Chester, Ridley Park, Woodlyn, compared to 0.9 in December 2020. That is an increase of 17% 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 31 homes newly listed for sale in Chester, Ridley Park, Woodlyn compared to 34 in December 2020, a decrease of 9%. There were 44 current contracts pending sale this December compared to 30 a year ago. The number of current contracts is 47% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Chester, Ridley Park, Woodlyn was 98.0% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 29, higher than the average last year, which was 24, an increase of 21%.

The Long & Foster Market Minute Chester, Ridley Park, Woodlyn are defined as properties listed in zip code/s 19013, 19078, 19094, 19022, 19029 and 19076.
*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.