The Long & Foster Market Minute

Focus On: Collegeville Housing Market June 2021

Zip Code(s): 19426 and 19453
Units Sold
67
Active Inventory
61
Median Sale Price
$410,500
Days On Market
9
Up
Vs. Year Ago
Down -37%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -84%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 67 sold this month in Collegeville Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 36 units or 37%. The total number of active inventory this June was 61 compared to 97 in June 2020. This month's total of 61 is higher than the previous month's total supply of available inventory of 52, an increase of 17%.

Median Sale Price
Last June, the median sale price for Collegeville Homes was $374,000. This June, the median sale price was approximately the same at $410,500. The current median sold price is 10% higher than in June 2020.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
88
Current Contracts
72
Sold Vs. List Price
104.9%
Months of Supply
0.9
Up 19%
Vs. Year Ago
Down -13%
Vs. Year Ago
Up
Vs. Year Ago
Down -63%
Vs. Year Ago

Months of Supply
In June, there was 0.9 months of supply available in Collegeville, compared to 2.5 in June 2020. That is a decrease of 63% 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 88 homes newly listed for sale in Collegeville compared to 74 in June 2020, an increase of 19%. There were 72 current contracts pending sale this June compared to 83 a year ago. The number of current contracts is 13% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Collegeville was 104.9% of the average list price, which is higher than at this time last year.

Days on Market
This month, the average number of days on market was 9, lower than the average last year, which was 58, a decrease of 84%.

The Long & Foster Market Minute Collegeville are defined as properties listed in zip code/s 19426 and 19453.
*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.