DREXEL HILL HOUSING MARKET DATA

There was a decrease in total units sold in May, with 26 sold this month in Drexel Hill Real Estate versus 34 last month, a decrease of 24%. This month's total units sold was higher than at this time last year, an increase of 18% versus May 2024.

Versus last year, the total number of homes available this month is higher by 2 units or 6%. The total number of active inventory this May was 38 compared to 36 in May 2024. This month's total of 38 is higher than the previous month's total supply of available inventory of 32, an increase of 19%.

Last May, the median sale price for Drexel Hill Homes was $315,562. This May, the median sale price was $305,500, a decrease of 3% or $10,062 compared to last year. The current median sold price is 8% lower 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.

In May, there was 1.5 months of supply available in Drexel Hill, compared to 1.6 in May 2024. That is a decrease of 11% 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 52 homes newly listed for sale in Drexel Hill compared to 48 in May 2024, an increase of 8%. There were 36 current contracts pending sale this May compared to 37 a year ago. The number of current contracts is 3% lower than last May.

In May, the average sale price in Drexel Hill was 103.1% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 20, which is similar compared to a year ago.





FOCUS ON: DREXEL HILL HOUSING MARKET			MAY 2025

Zip Code(s): 19026
Units Sold 26	Active Inventory 38	Median Sale Price $305,500	Days On Market 20

Up 18% Vs. Year Ago	Up 6% Vs. Year Ago	Down -3% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 26 sold this month in Drexel Hill Real Estate versus 34 last month, a decrease of 24%. This month's total units sold was higher than at this time last year, an increase of 18% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 2 units or 6%. The total number of active inventory this May was 38 compared to 36 in May 2024. This month's total of 38 is higher than the previous month's total supply of available inventory of 32, an increase of 19%.
		Median Sale Price Last May, the median sale price for Drexel Hill Homes was $315,562. This May, the median sale price was $305,500, a decrease of 3% or $10,062 compared to last year. The current median sold price is 8% lower 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.



New Listings 52	Current Contracts 36	Sold Vs. List Price 103.1%	Months of Supply 1.5

Up 8% Vs. Year Ago	Down -3% Vs. Year Ago	No Change Vs. Year Ago	Down -11% Vs. Year Ago


		Months of Supply In May, there was 1.5 months of supply available in Drexel Hill, compared to 1.6 in May 2024. That is a decrease of 11% 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 52 homes newly listed for sale in Drexel Hill compared to 48 in May 2024, an increase of 8%. There were 36 current contracts pending sale this May compared to 37 a year ago. The number of current contracts is 3% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Drexel Hill was 103.1% 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 20, which is similar compared to a year ago.


	Drexel Hill are defined as properties listed in zip code/s 19026.
	*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.