CHESTER, RIDLEY PARK, WOODLYN HOUSING MARKET DATA

There was a decrease in total units sold in October, with 43 sold this month in Chester, Ridley Park, Woodlyn Real Estate versus 54 last month, a decrease of 20%. This month's total units sold was lower than at this time last year, a decrease of 20% versus October 2023.

Versus last year, the total number of homes available this month is higher by 10 units or 16%. The total number of active inventory this October was 71 compared to 61 in October 2023. This month's total of 71 is lower than the previous month's total supply of available inventory of 85, a decrease of 16%.

Last October, the median sale price for Chester, Ridley Park, Woodlyn Homes was $155,000. This October, the median sale price was $239,500, an increase of $84,500 compared to last year. The current median sold price is higher 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 1.7 months of supply available in Chester, Ridley Park, Woodlyn, compared to 1.1 in October 2023. That is an increase of 46% 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 43 homes newly listed for sale in Chester, Ridley Park, Woodlyn compared to 48 in October 2023, a decrease of 10%. There were 44 current contracts pending sale this October compared to 56 a year ago. The number of current contracts is 21% lower than last October.

In October, the average sale price in Chester, Ridley Park, Woodlyn was 98.5% of the average list price, which is 0.6% higher than at this time last year.

This month, the average number of days on market was 28, higher than the average last year, which was 25, an increase of 12%.





FOCUS ON: CHESTER, RIDLEY PARK, WOODLYN HOUSING MARKET			OCTOBER 2024

Zip Code(s): 19013, 19078, 19094, 19022, 19029 and 19076
Units Sold 43	Active Inventory 71	Median Sale Price $239,500	Days On Market 28

Down -20% Vs. Year Ago	Up 16% Vs. Year Ago	Up Vs. Year Ago	Up 12% Vs. Year Ago


		Units Sold There was a decrease in total units sold in October, with 43 sold this month in Chester, Ridley Park, Woodlyn Real Estate versus 54 last month, a decrease of 20%. This month's total units sold was lower than at this time last year, a decrease of 20% versus October 2023.
Active Inventory Versus last year, the total number of homes available this month is higher by 10 units or 16%. The total number of active inventory this October was 71 compared to 61 in October 2023. This month's total of 71 is lower than the previous month's total supply of available inventory of 85, a decrease of 16%.
		Median Sale Price Last October, the median sale price for Chester, Ridley Park, Woodlyn Homes was $155,000. This October, the median sale price was $239,500, an increase of $84,500 compared to last year. The current median sold price is higher 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 43	Current Contracts 44	Sold Vs. List Price 98.5%	Months of Supply 1.7

Down -10% Vs. Year Ago	Down -21% Vs. Year Ago	Up 0.6% Vs. Year Ago	Up 46% Vs. Year Ago


		Months of Supply In October, there was 1.7 months of supply available in Chester, Ridley Park, Woodlyn, compared to 1.1 in October 2023. That is an increase of 46% 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 43 homes newly listed for sale in Chester, Ridley Park, Woodlyn compared to 48 in October 2023, a decrease of 10%. There were 44 current contracts pending sale this October compared to 56 a year ago. The number of current contracts is 21% lower than last October.
		Sale Price to List Price Ratio In October, the average sale price in Chester, Ridley Park, Woodlyn was 98.5% of the average list price, which is 0.6% higher than at this time last year. Days on Market This month, the average number of days on market was 28, higher than the average last year, which was 25, an increase of 12%.


	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.