Havertown Housing Market Data

There was an increase in total units sold in October, with 29 sold this month in Havertown Real Estate versus 28 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 6% versus October 2022.

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 October was 29 compared to 27 in October 2022. This month's total of 29 is higher than the previous month's total supply of available inventory of 27, an increase of 7%.

Last October, the median sale price for Havertown Homes was $422,000. This October, the median sale price was $500,000, an increase of 18% or $78,000 compared to last year. The current median sold price is 20% higher than in September.

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

In October, there was 1.0 months of supply available in Havertown, compared to 0.9 in October 2022. That is an increase of 15% 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 36 homes newly listed for sale in Havertown compared to 32 in October 2022, an increase of 13%. There were 29 current contracts pending sale this October compared to 32 a year ago. The number of current contracts is 9% lower than last October.

In October, the average sale price in Havertown was 104.1% of the average list price, which is 4.3% higher than at this time last year.

This month, the average number of days on market was 29, higher than the average last year, which was 28, an increase of 4%.





Focus On: Havertown Housing Market			October 2023

Zip Code(s): 19083
Units Sold 29	Active Inventory 29	Median Sale Price $500,000	Days On Market 29

Down -6% Vs. Year Ago	Up 7% Vs. Year Ago	Up 18% Vs. Year Ago	Up 4% Vs. Year Ago


		Units Sold There was an increase in total units sold in October, with 29 sold this month in Havertown Real Estate versus 28 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 6% versus October 2022.
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 October was 29 compared to 27 in October 2022. This month's total of 29 is higher than the previous month's total supply of available inventory of 27, an increase of 7%.
		Median Sale Price Last October, the median sale price for Havertown Homes was $422,000. This October, the median sale price was $500,000, an increase of 18% or $78,000 compared to last year. The current median sold price is 20% higher than in September. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 36	Current Contracts 29	Sold Vs. List Price 104.1%	Months of Supply 1.0

Up 13% Vs. Year Ago	Down -9% Vs. Year Ago	Up 4.3% Vs. Year Ago	Up 15% Vs. Year Ago


		Months of Supply In October, there was 1.0 months of supply available in Havertown, compared to 0.9 in October 2022. That is an increase of 15% 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 36 homes newly listed for sale in Havertown compared to 32 in October 2022, an increase of 13%. There were 29 current contracts pending sale this October compared to 32 a year ago. The number of current contracts is 9% lower than last October.
		Sale Price to List Price Ratio In October, the average sale price in Havertown was 104.1% of the average list price, which is 4.3% higher than at this time last year. Days on Market This month, the average number of days on market was 29, higher than the average last year, which was 28, an increase of 4%.


	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.
	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.