Darby, Collingdale, and Sharon Hill Housing Market Data

With relatively few transactions, there was a decrease in total units sold in October, with 24 sold this month in Darby, Collingdale, and Sharon Hill Real Estate. This month's total units sold was lower than at this time last year, a decrease from October 2022.

Versus last year, the total number of homes available this month is lower by 5 units or 7%. The total number of active inventory this October was 68 compared to 73 in October 2022. This month's total of 68 is higher than the previous month's total supply of available inventory of 66, an increase of 3%.

Last October, the median sale price for Darby, Collingdale, and Sharon Hill Homes was $157,000. This October, the median sale price was $174,950, an increase of 11% or $17,950 compared to last year. The current median sold price is 11% 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 2.8 months of supply available in Darby, Collingdale, and Sharon Hill, compared to 1.9 in October 2022. That is an increase of 51% 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 Darby, Collingdale, and Sharon Hill compared to 39 in October 2022, an increase of 10%. There were 32 current contracts pending sale this October compared to 33 a year ago. The number of current contracts is 3% lower than last October.

In October, the average sale price in Darby, Collingdale, and Sharon Hill was 100.8% of the average list price, which is 2.4% higher than at this time last year.

This month, the average number of days on market was 19, lower than the average last year, which was 40. This decrease was impacted by the limited number of sales.





Focus On: Darby, Collingdale, and Sharon Hill Housing Market			October 2023

Zip Code(s): 19023 and 19079
Units Sold 24	Active Inventory 68	Median Sale Price $174,950	Days On Market 19

Down Vs. Year Ago	Down -7% Vs. Year Ago	Up 11% Vs. Year Ago	Down Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in October, with 24 sold this month in Darby, Collingdale, and Sharon Hill Real Estate. This month's total units sold was lower than at this time last year, a decrease from October 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 5 units or 7%. The total number of active inventory this October was 68 compared to 73 in October 2022. This month's total of 68 is higher than the previous month's total supply of available inventory of 66, an increase of 3%.
		Median Sale Price Last October, the median sale price for Darby, Collingdale, and Sharon Hill Homes was $157,000. This October, the median sale price was $174,950, an increase of 11% or $17,950 compared to last year. The current median sold price is 11% 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 32	Sold Vs. List Price 100.8%	Months of Supply 2.8

Up 10% Vs. Year Ago	Down -3% Vs. Year Ago	Up 2.4% Vs. Year Ago	Up 51% Vs. Year Ago


		Months of Supply In October, there was 2.8 months of supply available in Darby, Collingdale, and Sharon Hill, compared to 1.9 in October 2022. That is an increase of 51% 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 Darby, Collingdale, and Sharon Hill compared to 39 in October 2022, an increase of 10%. There were 32 current contracts pending sale this October compared to 33 a year ago. The number of current contracts is 3% lower than last October.
		Sale Price to List Price Ratio In October, the average sale price in Darby, Collingdale, and Sharon Hill was 100.8% of the average list price, which is 2.4% higher than at this time last year. Days on Market This month, the average number of days on market was 19, lower than the average last year, which was 40. This decrease was impacted by the limited number of sales.


	Darby, Collingdale, and Sharon Hill are defined as properties listed in zip code/s 19023 and 19079.
	*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.