ELKINS PARK, JENKINTOWN, AND CHELTENHAM HOUSING MARKET DATA

There was a decrease in total units sold in March, with 29 sold this month in Elkins Park, Jenkintown, and Cheltenham Real Estate versus 32 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 15% versus March 2024.

Versus last year, the total number of homes available this month is lower by 5 units or 6%. The total number of active inventory this March was 80 compared to 85 in March 2024. This month's total of 80 is higher than the previous month's total supply of available inventory of 73, an increase of 10%.

Last March, the median sale price for Elkins Park, Jenkintown, and Cheltenham Homes was $360,750. This March, the median sale price was $406,000, an increase of 13% or $45,250 compared to last year. The current median sold price is 2% lower than in February.

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 2.8 months of supply available in Elkins Park, Jenkintown, and Cheltenham, compared to 2.5 in March 2024. That is an increase of 10% 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 71 homes newly listed for sale in Elkins Park, Jenkintown, and Cheltenham compared to 70 in March 2024, an increase of 1%. There were 56 current contracts pending sale this March compared to 59 a year ago. The number of current contracts is 5% lower than last March.

In March, the average sale price in Elkins Park, Jenkintown, and Cheltenham was 101.9% of the average list price, which is 1.2% higher than at this time last year.

This month, the average number of days on market was 41, higher than the average last year, which was 27. This increase was impacted by the limited number of sales.





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

Zip Code(s): 19027, 19046, 19012 and 19095
Units Sold 29	Active Inventory 80	Median Sale Price $406,000	Days On Market 41

Down -15% Vs. Year Ago	Down -6% Vs. Year Ago	Up 13% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was a decrease in total units sold in March, with 29 sold this month in Elkins Park, Jenkintown, and Cheltenham Real Estate versus 32 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 15% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 5 units or 6%. The total number of active inventory this March was 80 compared to 85 in March 2024. This month's total of 80 is higher than the previous month's total supply of available inventory of 73, an increase of 10%.
		Median Sale Price Last March, the median sale price for Elkins Park, Jenkintown, and Cheltenham Homes was $360,750. This March, the median sale price was $406,000, an increase of 13% or $45,250 compared to last year. The current median sold price is 2% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 71	Current Contracts 56	Sold Vs. List Price 101.9%	Months of Supply 2.8

Up 1% Vs. Year Ago	Down -5% Vs. Year Ago	Up 1.2% Vs. Year Ago	Up 10% Vs. Year Ago


		Months of Supply In March, there was 2.8 months of supply available in Elkins Park, Jenkintown, and Cheltenham, compared to 2.5 in March 2024. That is an increase of 10% 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 71 homes newly listed for sale in Elkins Park, Jenkintown, and Cheltenham compared to 70 in March 2024, an increase of 1%. There were 56 current contracts pending sale this March compared to 59 a year ago. The number of current contracts is 5% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Elkins Park, Jenkintown, and Cheltenham was 101.9% of the average list price, which is 1.2% higher than at this time last year. Days on Market This month, the average number of days on market was 41, higher than the average last year, which was 27. This increase was impacted by the limited number of sales.


	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.