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| MARCH 2025 | |||
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| Zip Code(s): 19013, 19078, 19094, 19022, 19029 and 19076 | |||
| Units Sold 36 |
Active Inventory 71 |
Median Sale Price $213,750 |
Days On Market 39 |
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| Down -23% Vs. Year Ago |
Down -9% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
The number of units sold remained stable in March, with 36 sold this month in Chester, Ridley Park, Woodlyn Real Estate. This month's total units sold was lower than at this time last year, a decrease of 14% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 7 units or 9%. The total number of active inventory this March was 71 compared to 78 in March 2024. This month's total of 71 is lower than the previous month's total supply of available inventory of 88, a decrease of 19%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Chester, Ridley Park, Woodlyn Homes was $170,000. This March, the median sale price was $213,750, an increase of $43,750 compared to last year. The current median sold price is 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. |
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| New Listings 50 |
Current Contracts 55 |
Sold Vs. List Price 99.2% |
Months of Supply 2.0 |
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| Down -14% Vs. Year Ago |
Up 41% Vs. Year Ago |
Down -0.8% Vs. Year Ago |
Up 19% Vs. Year Ago |
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Months of Supply
In March, there was 2.0 months of supply available in Chester, Ridley Park, Woodlyn, compared to 1.7 in March 2024. That is an increase of 19% 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. |
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New Listings & Current Contracts
This month there were 50 homes newly listed for sale in Chester, Ridley Park, Woodlyn compared to 58 in March 2024, a decrease of 14%. There were 55 current contracts pending sale this March compared to 39 a year ago. The number of current contracts is 41% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Chester, Ridley Park, Woodlyn was 99.2% of the average list price, which is 0.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 39, higher than the average last year, which was 18. This increase was impacted by the limited number of sales. | |||
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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. |
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