ELKINS PARK, JENKINTOWN, AND CHELTENHAM HOUSING MARKET DATA

There was an increase in total units sold in April, with 51 sold this month in Elkins Park, Jenkintown, and Cheltenham Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is lower by 10 units or 12%. The total number of active inventory this April was 75 compared to 85 in April 2024. This month's total of 75 is lower than the previous month's total supply of available inventory of 91, a decrease of 18%.

Last April, the median sale price for Elkins Park, Jenkintown, and Cheltenham Homes was $515,000. This April, the median sale price was $423,000, a decrease of 18% or $92,000 compared to last year. The current median sold price is 4% higher than in March.

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

In April, there was 1.5 months of supply available in Elkins Park, Jenkintown, and Cheltenham, compared to 2.2 in April 2024. That is a decrease of 34% 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 68 in April 2024, a decrease of 1%. There were 72 current contracts pending sale this April compared to 54 a year ago. The number of current contracts is 33% higher than last April.

In April, the average sale price in Elkins Park, Jenkintown, and Cheltenham was 101.6% 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 29, an increase of 17%.





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

Zip Code(s): 19027, 19046, 19012 and 19095
Units Sold 51	Active Inventory 75	Median Sale Price $423,000	Days On Market 34

Up 34% Vs. Year Ago	Down -12% Vs. Year Ago	Down -18% Vs. Year Ago	Up 17% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 51 sold this month in Elkins Park, Jenkintown, and Cheltenham Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is lower by 10 units or 12%. The total number of active inventory this April was 75 compared to 85 in April 2024. This month's total of 75 is lower than the previous month's total supply of available inventory of 91, a decrease of 18%.
		Median Sale Price Last April, the median sale price for Elkins Park, Jenkintown, and Cheltenham Homes was $515,000. This April, the median sale price was $423,000, a decrease of 18% or $92,000 compared to last year. The current median sold price is 4% higher than in March. 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 72	Sold Vs. List Price 101.6%	Months of Supply 1.5

Down -1% Vs. Year Ago	Up 33% Vs. Year Ago	No Change Vs. Year Ago	Down -34% Vs. Year Ago


		Months of Supply In April, there was 1.5 months of supply available in Elkins Park, Jenkintown, and Cheltenham, compared to 2.2 in April 2024. That is a decrease of 34% 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 68 in April 2024, a decrease of 1%. There were 72 current contracts pending sale this April compared to 54 a year ago. The number of current contracts is 33% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Elkins Park, Jenkintown, and Cheltenham was 101.6% 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 29, an increase of 17%.


	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.