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FOCUS ON: CLIFTON HEIGHTS, GLENOLDEN, AND HOLMES HOUSING MARKET |
MAY 2025 |
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Zip Code(s): 19018, 19036 and 19043 |
Units Sold
39 |
Active Inventory
52 |
Median Sale Price
$260,000 |
Days On Market
30 |
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Down -29%
Vs. Year Ago |
Up 44%
Vs. Year Ago |
Up 4%
Vs. Year Ago |
Up 25%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 39 sold this month in Clifton Heights, Glenolden, and Holmes Real Estate versus 34 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 29% versus May 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 16 units or 44%. The total number of active inventory this May was 52 compared to 36 in May 2024. This month's total of 52 is higher than the previous month's total supply of available inventory of 45, an increase of 16%.
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Median Sale Price
Last May, the median sale price for Clifton Heights, Glenolden, and Holmes Homes was $250,000. This May, the median sale price was $260,000, an increase of 4% or $10,000 compared to last year. The current median sold price is 2% higher than in April.
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
52 |
Current Contracts
42 |
Sold Vs. List Price
99.5% |
Months of Supply
1.3 |
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Up 4%
Vs. Year Ago |
No Change
Vs. Year Ago |
Down -2.1%
Vs. Year Ago |
Up 105%
Vs. Year Ago |
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Months of Supply
In May, there was 1.3 months of supply available in Clifton Heights, Glenolden, and Holmes, compared to 0.7 in May 2024. That is an increase of 104% 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 52 homes newly listed for sale in Clifton Heights, Glenolden, and Holmes compared to 50 in May 2024, an increase of 4%. There were 42 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 5% higher than last month.
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Sale Price to List Price Ratio
In May, the average sale price in Clifton Heights, Glenolden, and Holmes was 99.5% of the average list price, which is 2.1% lower than at this time last year.
Days on Market
This month, the average number of days on market was 30, higher than the average last year, which was 24, an increase of 25%.
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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. |