GLENOLDEN, FOLCROFT, AND NORWOOD HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in March, with 16 sold this month in Glenolden, Folcroft, and Norwood Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024.

Versus last year, the total number of homes available this month is higher by 2 units or 7%. The total number of active inventory this March was 29 compared to 27 in March 2024. This month's supply remained stable as compared to last month.

Last March, the median sale price for Glenolden, Folcroft, and Norwood Homes was $238,000. This March, the median sale price was $245,000, an increase of 3% or $7,000 compared to last year. The current median sold price is 9% higher 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 1.8 months of supply available in Glenolden, Folcroft, and Norwood, compared to 1.1 in March 2024. That is an increase of 68% 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 27 homes newly listed for sale in Glenolden, Folcroft, and Norwood compared to 37 in March 2024, a decrease of 27%. There were 22 current contracts pending sale this March compared to 31 a year ago. The number of current contracts is 29% lower than last March.

In March, the average sale price in Glenolden, Folcroft, and Norwood was 97.9% of the average list price, which is 2.4% lower than at this time last year.

This month, the average number of days on market was 19, lower than the average last year, which was 22, a decrease of 14%.





FOCUS ON: GLENOLDEN, FOLCROFT, AND NORWOOD HOUSING MARKET			MARCH 2025

Zip Code(s): 19036, 19032 and 19074
Units Sold 16	Active Inventory 29	Median Sale Price $245,000	Days On Market 19

Down Vs. Year Ago	Up 7% Vs. Year Ago	Up 3% Vs. Year Ago	Down -14% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in March, with 16 sold this month in Glenolden, Folcroft, and Norwood Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 2 units or 7%. The total number of active inventory this March was 29 compared to 27 in March 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last March, the median sale price for Glenolden, Folcroft, and Norwood Homes was $238,000. This March, the median sale price was $245,000, an increase of 3% or $7,000 compared to last year. The current median sold price is 9% higher 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 27	Current Contracts 22	Sold Vs. List Price 97.9%	Months of Supply 1.8

Down -27% Vs. Year Ago	Down -29% Vs. Year Ago	Down -2.4% Vs. Year Ago	Up 68% Vs. Year Ago


		Months of Supply In March, there was 1.8 months of supply available in Glenolden, Folcroft, and Norwood, compared to 1.1 in March 2024. That is an increase of 68% 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 27 homes newly listed for sale in Glenolden, Folcroft, and Norwood compared to 37 in March 2024, a decrease of 27%. There were 22 current contracts pending sale this March compared to 31 a year ago. The number of current contracts is 29% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Glenolden, Folcroft, and Norwood was 97.9% of the average list price, which is 2.4% lower than at this time last year. Days on Market This month, the average number of days on market was 19, lower than the average last year, which was 22, a decrease of 14%.


	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.
	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.