The Long & Foster Market Minute

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

Zip Code(s): 19036, 19032 and 19074
Units Sold
42
Active Inventory
26
Median Sale Price
$184,950
Days On Market
17
Down -33%
Vs. Year Ago
Up 18%
Vs. Year Ago
Up 9%
Vs. Year Ago
Down -23%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 42 sold this month in Glenolden, Folcroft, and Norwood Real Estate versus 52 last month, a decrease of 19%. This month's total units sold was lower than at this time last year, a decrease of 33% versus December 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 4 units or 18%. The total number of active inventory this December was 26 compared to 22 in December 2020. This month's total of 26 is lower than the previous month's total supply of available inventory of 27, a decrease of 4%.

Median Sale Price
Last December, the median sale price for Glenolden, Folcroft, and Norwood Homes was $170,000. This December, the median sale price was $184,950, an increase of 9% or $14,950 compared to last year. The current median sold price is 2% lower than in November.

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


New Listings
31
Current Contracts
30
Sold Vs. List Price
99.5%
Months of Supply
0.6
Up 19%
Vs. Year Ago
Down -21%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Up 77%
Vs. Year Ago

Months of Supply
In December, there was 0.6 months of supply available in Glenolden, Folcroft, and Norwood, compared to 0.3 in December 2020. That is an increase of 77% 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 31 homes newly listed for sale in Glenolden, Folcroft, and Norwood compared to 26 in December 2020, an increase of 19%. There were 30 current contracts pending sale this December compared to 38 a year ago. The number of current contracts is 21% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Glenolden, Folcroft, and Norwood was 99.5% of the average list price, which is 0.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 22, a decrease of 23%.

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.