GLEN MILLS, CHADDS FORD, AND THORNTON HOUSING MARKET DATA

There was a decrease in total units sold in March, with 25 sold this month in Glen Mills, Chadds Ford, and Thornton Real Estate versus 28 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 17% versus March 2024.

Versus last year, the total number of homes available this month is higher by 9 units or 19%. The total number of active inventory this March was 56 compared to 47 in March 2024. This month's total of 56 is lower than the previous month's total supply of available inventory of 59, a decrease of 5%.

Last March, the median sale price for Glen Mills, Chadds Ford, and Thornton Homes was $585,474. This March, the median sale price was $585,000, which is similar compared to a year ago. The current median sold price is 1% 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 2.2 months of supply available in Glen Mills, Chadds Ford, and Thornton, compared to 1.6 in March 2024. That is an increase of 43% 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 41 homes newly listed for sale in Glen Mills, Chadds Ford, and Thornton compared to 37 in March 2024, an increase of 11%. There were 44 current contracts pending sale this March compared to 34 a year ago. The number of current contracts is 29% higher than last March.

In March, the average sale price in Glen Mills, Chadds Ford, and Thornton was 101.5% of the average list price, which is higher than at this time last year.

This month, the average number of days on market was 32, lower than the average last year, which was 35, a decrease of 9%.





FOCUS ON: GLEN MILLS, CHADDS FORD, AND THORNTON HOUSING MARKET			MARCH 2025

Zip Code(s): 19342, 19317, 19373 and 19319
Units Sold 25	Active Inventory 56	Median Sale Price $585,000	Days On Market 32

Down -17% Vs. Year Ago	Up 19% Vs. Year Ago	No Change Vs. Year Ago	Down -9% Vs. Year Ago


		Units Sold There was a decrease in total units sold in March, with 25 sold this month in Glen Mills, Chadds Ford, and Thornton Real Estate versus 28 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 17% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 9 units or 19%. The total number of active inventory this March was 56 compared to 47 in March 2024. This month's total of 56 is lower than the previous month's total supply of available inventory of 59, a decrease of 5%.
		Median Sale Price Last March, the median sale price for Glen Mills, Chadds Ford, and Thornton Homes was $585,474. This March, the median sale price was $585,000, which is similar compared to a year ago. The current median sold price is 1% 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 41	Current Contracts 44	Sold Vs. List Price 101.5%	Months of Supply 2.2

Up 11% Vs. Year Ago	Up 29% Vs. Year Ago	Up Vs. Year Ago	Up 43% Vs. Year Ago


		Months of Supply In March, there was 2.2 months of supply available in Glen Mills, Chadds Ford, and Thornton, compared to 1.6 in March 2024. That is an increase of 43% 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 41 homes newly listed for sale in Glen Mills, Chadds Ford, and Thornton compared to 37 in March 2024, an increase of 11%. There were 44 current contracts pending sale this March compared to 34 a year ago. The number of current contracts is 29% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Glen Mills, Chadds Ford, and Thornton was 101.5% of the average list price, which is higher than at this time last year. Days on Market This month, the average number of days on market was 32, lower than the average last year, which was 35, a decrease of 9%.


	Glen Mills, Chadds Ford, and Thornton are defined as properties listed in zip code/s 19342, 19317, 19373 and 19319.
	*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.