The Long & Foster Market Minute

Focus On: Darby, Collingdale, and Sharon Hill Housing Market December 2021

Zip Code(s): 19023 and 19079
Units Sold
36
Active Inventory
56
Median Sale Price
$169,250
Days On Market
24
Down -5%
Vs. Year Ago
Up 44%
Vs. Year Ago
Up
Vs. Year Ago
Up 26%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 36 sold this month in Darby, Collingdale, and Sharon Hill Real Estate versus 34 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 5% versus December 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 17 units or 44%. The total number of active inventory this December was 56 compared to 39 in December 2020. This month's supply remained stable as compared to last month.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last December, the median sale price for Darby, Collingdale, and Sharon Hill Homes was $109,000. This December, the median sale price was $169,250, an increase of $60,250 compared to last year. The current median sold price is higher than in November.

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


New Listings
31
Current Contracts
24
Sold Vs. List Price
98.7%
Months of Supply
1.6
Up 29%
Vs. Year Ago
Down -25%
Vs. Year Ago
No Change
Vs. Year Ago
Up 51%
Vs. Year Ago

Months of Supply
In December, there was 1.6 months of supply available in Darby, Collingdale, and Sharon Hill, compared to 1.0 in December 2020. That is an increase of 52% 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 31 homes newly listed for sale in Darby, Collingdale, and Sharon Hill compared to 24 in December 2020, an increase of 29%. There were 24 current contracts pending sale this December compared to 32 a year ago. The number of current contracts is 25% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Darby, Collingdale, and Sharon Hill was 98.7% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 24, higher than the average last year, which was 19, an increase of 26%.

The Long & Foster Market Minute 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.
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.