The Long & Foster Market Minute

Focus On: Drexel Hill Housing Market December 2021

Zip Code(s): 19026
Units Sold
49
Active Inventory
22
Median Sale Price
$265,000
Days On Market
19
Down -20%
Vs. Year Ago
Down -33%
Vs. Year Ago
Up
Vs. Year Ago
Up 19%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 49 sold this month in Drexel Hill Real Estate versus 59 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 20% versus December 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 33%. The total number of active inventory this December was 22 compared to 33 in December 2020. This month's total of 22 is lower than the previous month's total supply of available inventory of 50, a decrease of 56%.

Median Sale Price
Last December, the median sale price for Drexel Hill Homes was $195,000. This December, the median sale price was $265,000, an increase of $70,000 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
23
Current Contracts
37
Sold Vs. List Price
100.3%
Months of Supply
0.4
Down -32%
Vs. Year Ago
Down -7%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In December, there was 0.4 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 23 homes newly listed for sale in Drexel Hill compared to 34 in December 2020, a decrease of 32%. There were 37 current contracts pending sale this December compared to 40 a year ago. The number of current contracts is 8% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Drexel Hill was 100.3% 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 19, higher than the average last year, which was 16, an increase of 19%.

The Long & Foster Market Minute 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.
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.