The Long & Foster Market Minute

Focus On: Glenolden, Folcroft, and Norwood Housing Market August 2021

Zip Code(s): 19036, 19032 and 19074
Units Sold
45
Active Inventory
24
Median Sale Price
$185,000
Days On Market
20
Down -15%
Vs. Year Ago
Down -51%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -9%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 45 sold this month in Glenolden, Folcroft, and Norwood Real Estate versus 47 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 15% versus August 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 25 units or 51%. The total number of active inventory this August was 24 compared to 49 in August 2020. This month's total of 24 is lower than the previous month's total supply of available inventory of 34, a decrease of 29%.

Median Sale Price
Last August, the median sale price for Glenolden, Folcroft, and Norwood Homes was $160,000. This August, the median sale price was $185,000, an increase of 16% or $25,000 compared to last year. The current median sold price is 3% lower than in July.

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


New Listings
56
Current Contracts
60
Sold Vs. List Price
102.1%
Months of Supply
0.5
Down -2%
Vs. Year Ago
Up 33%
Vs. Year Ago
Up 2.8%
Vs. Year Ago
Down -42%
Vs. Year Ago

Months of Supply
In August, there was 0.5 months of supply available in Glenolden, Folcroft, and Norwood, compared to 0.9 in August 2020. That is a decrease of 42% 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 56 homes newly listed for sale in Glenolden, Folcroft, and Norwood compared to 57 in August 2020, a decrease of 2%. There were 60 current contracts pending sale this August compared to 45 a year ago. The number of current contracts is 33% higher than last August.

Sale Price to List Price Ratio
In August, the average sale price in Glenolden, Folcroft, and Norwood was 102.1% of the average list price, which is 2.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 20, lower than the average last year, which was 22, a decrease of 9%.

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.