The Long & Foster Market Minute

Focus On: Glenolden, Folcroft, and Norwood Housing Market October 2022

Zip Code(s): 19036, 19032 and 19074
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 9%
Vs. Year Ago
Down -5%
Vs. Year Ago
Up 13%
Vs. Year Ago
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 37 sold this month in Glenolden, Folcroft, and Norwood Real Estate versus 28 last month, an increase of 32%. This month's total units sold was higher than at this time last year, an increase of 9% versus October 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 2 units or 5%. The total number of active inventory this October was 38 compared to 40 in October 2021. This month's total of 38 is lower than the previous month's total supply of available inventory of 46, a decrease of 17%.

Median Sale Price
Last October, the median sale price for Glenolden, Folcroft, and Norwood Homes was $200,000. This October, the median sale price was $225,500, an increase of 13% or $25,500 compared to last year. The current median sold price is 4% higher than in September.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -26%
Vs. Year Ago
Down -6%
Vs. Year Ago
No Change
Vs. Year Ago
Down -13%
Vs. Year Ago

Months of Supply
In October, there was 1.0 months of supply available in Glenolden, Folcroft, and Norwood, compared to 1.2 in October 2021. That is a decrease of 13% 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 34 homes newly listed for sale in Glenolden, Folcroft, and Norwood compared to 46 in October 2021, a decrease of 26%. There were 30 current contracts pending sale this October compared to 32 a year ago. The number of current contracts remained stable as compared to last October.

Sale Price to List Price Ratio
In October, the average sale price in Glenolden, Folcroft, and Norwood was 100.6% 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 17, higher than the average last year, which was 10. This increase was impacted by the limited number of sales.

The Long & Foster Market Minute Glenolden, Folcroft, and Norwood are defined as properties listed in zip code/s 19036, 19032 and 19074.
*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.
REALTOR, Equal Opportunity HousingInformation 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.