ELKINS PARK, JENKINTOWN, AND CHELTENHAM HOUSING MARKET DATA

There was a decrease in total units sold in June, with 55 sold this month in Elkins Park, Jenkintown, and Cheltenham Real Estate versus 57 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 4% versus June 2024.

Versus last year, the total number of homes available this month is lower by 14 units or 14%. The total number of active inventory this June was 85 compared to 99 in June 2024. This month's total of 85 is lower than the previous month's total supply of available inventory of 96, a decrease of 11%.

Last June, the median sale price for Elkins Park, Jenkintown, and Cheltenham Homes was $420,000. This June, the median sale price was $420,000, which is similar compared to a year ago. The current median sold price is 1% higher than in May.

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

In June, there was 1.5 months of supply available in Elkins Park, Jenkintown, and Cheltenham, compared to 1.7 in June 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 67 homes newly listed for sale in Elkins Park, Jenkintown, and Cheltenham compared to 69 in June 2024, a decrease of 3%. There were 64 current contracts pending sale this June compared to 62 a year ago. The number of current contracts is 3% higher than last June.

In June, the average sale price in Elkins Park, Jenkintown, and Cheltenham was 99.1% of the average list price, which is 2.4% lower than at this time last year.

This month, the average number of days on market was 30, higher than the average last year, which was 26, an increase of 15%.





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

Zip Code(s): 19027, 19046, 19012 and 19095
Units Sold 55	Active Inventory 85	Median Sale Price $420,000	Days On Market 30

Down -4% Vs. Year Ago	Down -14% Vs. Year Ago	No Change Vs. Year Ago	Up 15% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 55 sold this month in Elkins Park, Jenkintown, and Cheltenham Real Estate versus 57 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 4% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 14 units or 14%. The total number of active inventory this June was 85 compared to 99 in June 2024. This month's total of 85 is lower than the previous month's total supply of available inventory of 96, a decrease of 11%.
		Median Sale Price Last June, the median sale price for Elkins Park, Jenkintown, and Cheltenham Homes was $420,000. This June, the median sale price was $420,000, which is similar compared to a year ago. The current median sold price is 1% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 67	Current Contracts 64	Sold Vs. List Price 99.1%	Months of Supply 1.5

Down -3% Vs. Year Ago	Up 3% Vs. Year Ago	Down -2.4% Vs. Year Ago	Down -11% Vs. Year Ago


		Months of Supply In June, there was 1.5 months of supply available in Elkins Park, Jenkintown, and Cheltenham, compared to 1.7 in June 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 67 homes newly listed for sale in Elkins Park, Jenkintown, and Cheltenham compared to 69 in June 2024, a decrease of 3%. There were 64 current contracts pending sale this June compared to 62 a year ago. The number of current contracts is 3% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Elkins Park, Jenkintown, and Cheltenham was 99.1% of the average list price, which is 2.4% lower than at this time last year. Days on Market This month, the average number of days on market was 30, higher than the average last year, which was 26, an increase of 15%.


	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.