The Long & Foster Market Minute

Focus On: Havertown Housing Market October 2022

Zip Code(s): 19083
Units Sold
31
Active Inventory
26
Median Sale Price
$422,000
Days On Market
28
Down -22%
Vs. Year Ago
Down -30%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 22%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 31 sold this month in Havertown Real Estate versus 30 last month, an increase of 3%. This month's total units sold was lower than at this time last year, a decrease of 23% versus October 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 30%. The total number of active inventory this October was 26 compared to 37 in October 2021. This month's total of 26 is lower than the previous month's total supply of available inventory of 29, a decrease of 10%.

Median Sale Price
Last October, the median sale price for Havertown Homes was $435,000. This October, the median sale price was approximately the same at $422,000. The current median sold price is 3% lower than in October 2021.

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


New Listings
32
Current Contracts
33
Sold Vs. List Price
99.8%
Months of Supply
0.8
Down -24%
Vs. Year Ago
Down -37%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In October, there was 0.8 months of supply available in Havertown. The amount of supply is similar compared to 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 32 homes newly listed for sale in Havertown compared to 42 in October 2021, a decrease of 24%. There were 33 current contracts pending sale this October compared to 52 a year ago. The number of current contracts is 37% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Havertown was 99.8% 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 28, higher than the average last year, which was 23, an increase of 22%.

The Long & Foster Market Minute Havertown are defined as properties listed in zip code/s 19083.
*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.