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Focus On: Lansdale Housing Market |
February 2023 |
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Zip Code(s): 19446 and 19490 |
Units Sold
22 |
Active Inventory
37 |
Median Sale Price
$455,750 |
Days On Market
31 |
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No Change
Vs. Year Ago |
Up 85%
Vs. Year Ago |
Up 18%
Vs. Year Ago |
Up
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in February, with 22 sold this month in Lansdale Real Estate, a decrease of 39%. This month's total units sold is similar compared to a year ago.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 17 units or 85%. The total number of active inventory this February was 37 compared to 20 in February 2022. This month's total of 37 is lower than the previous month's total supply of available inventory of 41, a decrease of 10%.
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Median Sale Price
Last February, the median sale price for Lansdale Homes was $387,000. This February, the median sale price was $455,750, an increase of 18% or $68,750 compared to last year. The current median sold price is 1% higher 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.
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New Listings
34 |
Current Contracts
34 |
Sold Vs. List Price
100.9% |
Months of Supply
1.7 |
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Down -36%
Vs. Year Ago |
Down -37%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 85%
Vs. Year Ago |
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Months of Supply
In February, there was 1.7 months of supply available in Lansdale, compared to 0.9 in February 2022. That is an increase of 85% 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.
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New Listings & Current Contracts
This month there were 34 homes newly listed for sale in Lansdale compared to 53 in February 2022, a decrease of 36%. There were 34 current contracts pending sale this February compared to 54 a year ago. The number of current contracts is 37% lower than last February.
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Sale Price to List Price Ratio
In February, the average sale price in Lansdale was 100.9% 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 31, higher than the average last year, which was 19. This increase was impacted by the limited number of sales.
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Lansdale are defined as properties listed in zip code/s 19446 and 19490. |
*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. |