Drexel Hill Housing Market Data

There was a decrease in total units sold in August, with 57 sold this month in Drexel Hill Real Estate versus 66 last month, a decrease of 14%. This month's total units sold was lower than at this time last year, a decrease of 2% versus August 2020.

Versus last year, the total number of homes available this month is lower by 18 units or 32%. The total number of active inventory this August was 39 compared to 57 in August 2020. This month's total of 39 is lower than the previous month's total supply of available inventory of 47, a decrease of 17%.

Last August, the median sale price for Drexel Hill Homes was $192,250. This August, the median sale price was $265,000, an increase of $72,750 compared to last year. The current median sold price is higher than in July.

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

In August, there was 0.7 months of supply available in Drexel Hill, compared to 1.0 in August 2020. That is a decrease of 30% 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 58 homes newly listed for sale in Drexel Hill compared to 56 in August 2020, an increase of 4%. There were 61 current contracts pending sale this August compared to 43 a year ago. The number of current contracts is 42% higher than last August.

In August, the average sale price in Drexel Hill was 103.7% of the average list price, which is 4.2% higher than at this time last year.

This month, the average number of days on market was 11, lower than the average last year, which was 16, a decrease of 31%.





Focus On: Drexel Hill Housing Market			August 2021

Zip Code(s): 19026
Units Sold 57	Active Inventory 39	Median Sale Price $265,000	Days On Market 11

Down -2% Vs. Year Ago	Down -32% Vs. Year Ago	Up Vs. Year Ago	Down -31% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 57 sold this month in Drexel Hill Real Estate versus 66 last month, a decrease of 14%. This month's total units sold was lower than at this time last year, a decrease of 2% versus August 2020.
Active Inventory Versus last year, the total number of homes available this month is lower by 18 units or 32%. The total number of active inventory this August was 39 compared to 57 in August 2020. This month's total of 39 is lower than the previous month's total supply of available inventory of 47, a decrease of 17%.
		Median Sale Price Last August, the median sale price for Drexel Hill Homes was $192,250. This August, the median sale price was $265,000, an increase of $72,750 compared to last year. The current median sold price is higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 58	Current Contracts 61	Sold Vs. List Price 103.7%	Months of Supply 0.7

Up 4% Vs. Year Ago	Up 42% Vs. Year Ago	Up 4.2% Vs. Year Ago	Down -31% Vs. Year Ago


		Months of Supply In August, there was 0.7 months of supply available in Drexel Hill, compared to 1.0 in August 2020. That is a decrease of 30% 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 58 homes newly listed for sale in Drexel Hill compared to 56 in August 2020, an increase of 4%. There were 61 current contracts pending sale this August compared to 43 a year ago. The number of current contracts is 42% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Drexel Hill was 103.7% of the average list price, which is 4.2% higher than at this time last year. Days on Market This month, the average number of days on market was 11, lower than the average last year, which was 16, a decrease of 31%.


	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.