Darby, Collingdale, and Sharon Hill Housing Market Data

There was a decrease in total units sold in October, with 35 sold this month in Darby, Collingdale, and Sharon Hill Real Estate versus 37 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 17% versus October 2021.

Versus last year, the total number of homes available this month is lower by 17 units or 25%. The total number of active inventory this October was 51 compared to 68 in October 2021. This month's total of 51 is lower than the previous month's total supply of available inventory of 63, a decrease of 19%.

Last October, the median sale price for Darby, Collingdale, and Sharon Hill Homes was $159,250. This October, the median sale price was $167,000, an increase of 5% or $7,750 compared to last year. The current median sold price is 2% 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 1.5 months of supply available in Darby, Collingdale, and Sharon Hill, compared to 2.3 in October 2021. That is a decrease of 36% 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 38 homes newly listed for sale in Darby, Collingdale, and Sharon Hill compared to 49 in October 2021, a decrease of 22%. There were 36 current contracts pending sale this October compared to 38 a year ago. The number of current contracts remained stable as compared to last October.

In October, the average sale price in Darby, Collingdale, and Sharon Hill was 98.4% of the average list price, which is 1.7% lower than at this time last year.

This month, the average number of days on market was 44, higher than the average last year, which was 23. This increase was impacted by the limited number of sales.





Focus On: Darby, Collingdale, and Sharon Hill Housing Market			October 2022

Zip Code(s): 19023 and 19079
Units Sold 35	Active Inventory 51	Median Sale Price $167,000	Days On Market 44

Up 17% Vs. Year Ago	Down -25% Vs. Year Ago	Up 5% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was a decrease in total units sold in October, with 35 sold this month in Darby, Collingdale, and Sharon Hill Real Estate versus 37 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 17% versus October 2021.
Active Inventory Versus last year, the total number of homes available this month is lower by 17 units or 25%. The total number of active inventory this October was 51 compared to 68 in October 2021. This month's total of 51 is lower than the previous month's total supply of available inventory of 63, a decrease of 19%.
		Median Sale Price Last October, the median sale price for Darby, Collingdale, and Sharon Hill Homes was $159,250. This October, the median sale price was $167,000, an increase of 5% or $7,750 compared to last year. The current median sold price is 2% 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 38	Current Contracts 36	Sold Vs. List Price 98.4%	Months of Supply 1.5

Down -22% Vs. Year Ago	Down -5% Vs. Year Ago	Down -1.7% Vs. Year Ago	Down -36% Vs. Year Ago


		Months of Supply In October, there was 1.5 months of supply available in Darby, Collingdale, and Sharon Hill, compared to 2.3 in October 2021. That is a decrease of 36% 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 38 homes newly listed for sale in Darby, Collingdale, and Sharon Hill compared to 49 in October 2021, a decrease of 22%. There were 36 current contracts pending sale this October compared to 38 a year ago. The number of current contracts remained stable as compared to last October.
		Sale Price to List Price Ratio In October, the average sale price in Darby, Collingdale, and Sharon Hill was 98.4% of the average list price, which is 1.7% lower than at this time last year. Days on Market This month, the average number of days on market was 44, higher than the average last year, which was 23. This increase 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.