Clifton Heights, Glenolden, and Holmes Housing Market Data

There was a decrease in total units sold in October, with 37 sold this month in Clifton Heights, Glenolden, and Holmes Real Estate versus 40 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 21% versus October 2022.

Versus last year, the total number of homes available this month is lower by 2 units or 4%. The total number of active inventory this October was 48 compared to 50 in October 2022. This month's total of 48 is lower than the previous month's total supply of available inventory of 65, a decrease of 26%.

Last October, the median sale price for Clifton Heights, Glenolden, and Holmes Homes was $215,000. This October, the median sale price was $229,600, an increase of 7% or $14,600 compared to last year. The current median sold price is 7% 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 1.3 months of supply available in Clifton Heights, Glenolden, and Holmes, compared to 1.1 in October 2022. That is an increase of 22% 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 Clifton Heights, Glenolden, and Holmes compared to 46 in October 2022, a decrease of 7%. There were 50 current contracts pending sale this October compared to 41 a year ago. The number of current contracts is 22% higher than last October.

In October, the average sale price in Clifton Heights, Glenolden, and Holmes was 101.8% of the average list price, which is 1.2% higher than at this time last year.

This month, the average number of days on market was 15, which is similar compared to a year ago.





Focus On: Clifton Heights, Glenolden, and Holmes Housing Market			October 2023

Zip Code(s): 19018, 19036 and 19043
Units Sold 37	Active Inventory 48	Median Sale Price $229,600	Days On Market 15

Down -21% Vs. Year Ago	Down -4% Vs. Year Ago	Up 7% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was a decrease in total units sold in October, with 37 sold this month in Clifton Heights, Glenolden, and Holmes Real Estate versus 40 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 21% versus October 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 2 units or 4%. The total number of active inventory this October was 48 compared to 50 in October 2022. This month's total of 48 is lower than the previous month's total supply of available inventory of 65, a decrease of 26%.
		Median Sale Price Last October, the median sale price for Clifton Heights, Glenolden, and Holmes Homes was $215,000. This October, the median sale price was $229,600, an increase of 7% or $14,600 compared to last year. The current median sold price is 7% 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 43	Current Contracts 50	Sold Vs. List Price 101.8%	Months of Supply 1.3

Down -7% Vs. Year Ago	Up 22% Vs. Year Ago	Up 1.2% Vs. Year Ago	Up 23% Vs. Year Ago


		Months of Supply In October, there was 1.3 months of supply available in Clifton Heights, Glenolden, and Holmes, compared to 1.1 in October 2022. That is an increase of 22% 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 Clifton Heights, Glenolden, and Holmes compared to 46 in October 2022, a decrease of 7%. There were 50 current contracts pending sale this October compared to 41 a year ago. The number of current contracts is 22% higher than last October.
		Sale Price to List Price Ratio In October, the average sale price in Clifton Heights, Glenolden, and Holmes was 101.8% 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 15, which is similar compared to a year ago.


	Clifton Heights, Glenolden, and Holmes are defined as properties listed in zip code/s 19018, 19036 and 19043.
	*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.