ELKINS PARK, JENKINTOWN, AND CHELTENHAM HOUSING MARKET DATA

There was an increase in total units sold in May, with 57 sold this month in Elkins Park, Jenkintown, and Cheltenham Real Estate versus 51 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 2% versus May 2024.

Versus last year, the total number of homes available this month is lower by 10 units or 10%. The total number of active inventory this May was 88 compared to 98 in May 2024. This month's supply remained stable as compared to last month.

Last May, the median sale price for Elkins Park, Jenkintown, and Cheltenham Homes was $426,000. This May, the median sale price was approximately the same at $425,000. The current median sold price is also similar to the median price 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 Elkins Park, Jenkintown, and Cheltenham, compared to 1.7 in May 2024. That is a decrease of 9% 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 64 homes newly listed for sale in Elkins Park, Jenkintown, and Cheltenham compared to 71 in May 2024, a decrease of 10%. There were 54 current contracts pending sale this May compared to 50 a year ago. The number of current contracts is 8% higher than last May.

In May, the average sale price in Elkins Park, Jenkintown, and Cheltenham was 100.9% of the average list price, which is 1.9% higher than at this time last year.

This month, the average number of days on market was 32, higher than the average last year, which was 31, an increase of 3%.





FOCUS ON: ELKINS PARK, JENKINTOWN, AND CHELTENHAM HOUSING MARKET			MAY 2025

Zip Code(s): 19027, 19046, 19012 and 19095
Units Sold 57	Active Inventory 88	Median Sale Price $425,000	Days On Market 32

Down -2% Vs. Year Ago	Down -10% Vs. Year Ago	No Change Vs. Year Ago	Up 3% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 57 sold this month in Elkins Park, Jenkintown, and Cheltenham Real Estate versus 51 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 2% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 10 units or 10%. The total number of active inventory this May was 88 compared to 98 in May 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last May, the median sale price for Elkins Park, Jenkintown, and Cheltenham Homes was $426,000. This May, the median sale price was approximately the same at $425,000. The current median sold price is also similar to the median price 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 64	Current Contracts 54	Sold Vs. List Price 100.9%	Months of Supply 1.5

Down -10% Vs. Year Ago	Up 8% Vs. Year Ago	Up 1.9% Vs. Year Ago	Down -9% Vs. Year Ago


		Months of Supply In May, there was 1.5 months of supply available in Elkins Park, Jenkintown, and Cheltenham, compared to 1.7 in May 2024. That is a decrease of 9% 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 64 homes newly listed for sale in Elkins Park, Jenkintown, and Cheltenham compared to 71 in May 2024, a decrease of 10%. There were 54 current contracts pending sale this May compared to 50 a year ago. The number of current contracts is 8% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Elkins Park, Jenkintown, and Cheltenham was 100.9% of the average list price, which is 1.9% higher than at this time last year. Days on Market This month, the average number of days on market was 32, higher than the average last year, which was 31, an increase of 3%.


	Elkins Park, Jenkintown, and Cheltenham are defined as properties listed in zip code/s 19027, 19046, 19012 and 19095.
	*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.