DREXEL HILL HOUSING MARKET DATA

There was an increase in total units sold in March, with 26 sold this month in Drexel Hill Real Estate versus 22 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 16% versus March 2024.

Versus last year, the total number of homes available this month is lower by 4 units or 16%. The total number of active inventory this March was 21 compared to 25 in March 2024. This month's total of 21 is lower than the previous month's total supply of available inventory of 35, a decrease of 40%.

Last March, the median sale price for Drexel Hill Homes was $335,000. This March, the median sale price was approximately the same at $283,000. The current median sold price is 16% lower than in March 2024.

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

In March, there was 0.8 months of supply available in Drexel Hill. The amount of supply is similar compared to 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 30 homes newly listed for sale in Drexel Hill compared to 21 in March 2024, an increase of 43%. There were 40 current contracts pending sale this March compared to 22 a year ago. The number of current contracts is 82% higher than last March.

In March, the average sale price in Drexel Hill was 101.2% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 34, higher than the average last year, which was 12. This increase was impacted by the limited number of sales.





FOCUS ON: DREXEL HILL HOUSING MARKET			MARCH 2025

Zip Code(s): 19026
Units Sold 26	Active Inventory 21	Median Sale Price $283,000	Days On Market 34

Down -16% Vs. Year Ago	Down -16% Vs. Year Ago	Down -16% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 26 sold this month in Drexel Hill Real Estate versus 22 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 16% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 4 units or 16%. The total number of active inventory this March was 21 compared to 25 in March 2024. This month's total of 21 is lower than the previous month's total supply of available inventory of 35, a decrease of 40%.
		Median Sale Price Last March, the median sale price for Drexel Hill Homes was $335,000. This March, the median sale price was approximately the same at $283,000. The current median sold price is 16% lower than in March 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 30	Current Contracts 40	Sold Vs. List Price 101.2%	Months of Supply 0.8

Up 43% Vs. Year Ago	Up 82% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In March, there was 0.8 months of supply available in Drexel Hill. The amount of supply is similar compared to 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 30 homes newly listed for sale in Drexel Hill compared to 21 in March 2024, an increase of 43%. There were 40 current contracts pending sale this March compared to 22 a year ago. The number of current contracts is 82% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Drexel Hill was 101.2% 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 34, higher than the average last year, which was 12. This increase was impacted by the limited number of sales.


	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.