The Long & Foster Market Minute

FOCUS ON: HAVERTOWN HOUSING MARKET FEBRUARY 2025

Zip Code(s): 19083
Units Sold
13
Active Inventory
16
Median Sale Price
$492,500
Days On Market
43
Down
Vs. Year Ago
Down -36%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 43%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in February, with 13 sold this month in Havertown Real Estate. This month's total units sold was lower than at this time last year, a decrease from February 2024.

Active Inventory
Versus last year, the total number of homes available this month is lower by 9 units or 36%. The total number of active inventory this February was 16 compared to 25 in February 2024. This month's total of 16 is lower than the previous month's total supply of available inventory of 21, a decrease of 24%.

Median Sale Price
Last February, the median sale price for Havertown Homes was $472,450. This February, the median sale price was $492,500, an increase of 4% or $20,050 compared to last year. The current median sold price is 13% lower than in January.

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


New Listings
30
Current Contracts
30
Sold Vs. List Price
101.0%
Months of Supply
1.2
Down -9%
Vs. Year Ago
Up 25%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In February, there was 1.2 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 30 homes newly listed for sale in Havertown compared to 33 in February 2024, a decrease of 9%. There were 30 current contracts pending sale this February compared to 24 a year ago. The number of current contracts is 25% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Havertown was 101.0% 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 43, higher than the average last year, which was 30, an increase of 43%.

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.