The Long & Foster Market Minute

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

Zip Code(s): 19013, 19078, 19094, 19022, 19029 and 19076
Units Sold
Active Inventory
Median Sale Price
Days On Market
No Change
Vs. Year Ago
Down -33%
Vs. Year Ago
Up 23%
Vs. Year Ago
Down -23%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 57 sold this month in Chester, Ridley Park, Woodlyn Real Estate, a decrease of 11%. This month's total units sold is similar compared to a year ago.

Active Inventory
Versus last year, the total number of homes available this month is lower by 28 units or 33%. The total number of active inventory this August was 58 compared to 86 in August 2020. This month's total of 58 is lower than the previous month's total supply of available inventory of 75, a decrease of 23%.

Median Sale Price
Last August, the median sale price for Chester, Ridley Park, Woodlyn Homes was $182,500. This August, the median sale price was $225,000, an increase of 23% or $42,500 compared to last year. The current median sold price is 13% higher than in July.

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
Up 4%
Vs. Year Ago
Up 63%
Vs. Year Ago
Up 1.2%
Vs. Year Ago
Down -32%
Vs. Year Ago

Months of Supply
In August, there was 1.0 months of supply available in Chester, Ridley Park, Woodlyn, compared to 1.5 in August 2020. That is a decrease of 33% 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 76 homes newly listed for sale in Chester, Ridley Park, Woodlyn compared to 73 in August 2020, an increase of 4%. There were 75 current contracts pending sale this August compared to 46 a year ago. The number of current contracts is 63% higher than last August.

Sale Price to List Price Ratio
In August, the average sale price in Chester, Ridley Park, Woodlyn was 100.4% of the average list price, which is 1.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 22, a decrease of 23%.

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.