Chester, Ridley Park, Woodlyn Housing Market Data

There was an increase in total units sold in October, with 53 sold this month in Chester, Ridley Park, Woodlyn Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is lower by 44 units or 48%. The total number of active inventory this October was 47 compared to 91 in October 2022. This month's total of 47 is lower than the previous month's total supply of available inventory of 75, a decrease of 37%.

Last October, the median sale price for Chester, Ridley Park, Woodlyn Homes was $160,000. This October, the median sale price was $155,000, a decrease of $5,000 compared to last year. The current median sold price is lower than in September.

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

In October, there was 0.9 months of supply available in Chester, Ridley Park, Woodlyn, compared to 1.8 in October 2022. That is a decrease of 50% 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 46 homes newly listed for sale in Chester, Ridley Park, Woodlyn compared to 63 in October 2022, a decrease of 27%. There were 59 current contracts pending sale this October compared to 44 a year ago. The number of current contracts is 34% higher than last October.

In October, the average sale price in Chester, Ridley Park, Woodlyn was 97.8% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 25, higher than the average last year, which was 16, an increase of 56%.





Focus On: Chester, Ridley Park, Woodlyn Housing Market			October 2023

Zip Code(s): 19013, 19078, 19094, 19022, 19029 and 19076
Units Sold 53	Active Inventory 47	Median Sale Price $155,000	Days On Market 25

Up 4% Vs. Year Ago	Down -48% Vs. Year Ago	Down -3% Vs. Year Ago	Up 56% Vs. Year Ago


		Units Sold There was an increase in total units sold in October, with 53 sold this month in Chester, Ridley Park, Woodlyn Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is lower by 44 units or 48%. The total number of active inventory this October was 47 compared to 91 in October 2022. This month's total of 47 is lower than the previous month's total supply of available inventory of 75, a decrease of 37%.
		Median Sale Price Last October, the median sale price for Chester, Ridley Park, Woodlyn Homes was $160,000. This October, the median sale price was $155,000, a decrease of $5,000 compared to last year. The current median sold price is lower than in September. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 46	Current Contracts 59	Sold Vs. List Price 97.8%	Months of Supply 0.9

Down -27% Vs. Year Ago	Up 34% Vs. Year Ago	No Change Vs. Year Ago	Down -50% Vs. Year Ago


		Months of Supply In October, there was 0.9 months of supply available in Chester, Ridley Park, Woodlyn, compared to 1.8 in October 2022. That is a decrease of 50% 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 46 homes newly listed for sale in Chester, Ridley Park, Woodlyn compared to 63 in October 2022, a decrease of 27%. There were 59 current contracts pending sale this October compared to 44 a year ago. The number of current contracts is 34% higher than last October.
		Sale Price to List Price Ratio In October, the average sale price in Chester, Ridley Park, Woodlyn was 97.8% 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 25, higher than the average last year, which was 16, an increase of 56%.


	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.
	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.