The Long & Foster Market Minute

Focus On: Lansdowne and Yeadon Housing Market January 2024

Zip Code(s): 19050
Units Sold
14
Active Inventory
32
Median Sale Price
$299,950
Days On Market
26
Down -30%
Vs. Year Ago
Down -16%
Vs. Year Ago
Up
Vs. Year Ago
Down -32%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in January, with 14 sold this month in Lansdowne and Yeadon Real Estate versus 20 last month, a decrease of 30%. This month's total units sold was lower than at this time last year, a decrease of 30% versus January 2023.

Active Inventory
Versus last year, the total number of homes available this month is lower by 6 units or 16%. The total number of active inventory this January was 32 compared to 38 in January 2023. This month's total of 32 is lower than the previous month's total supply of available inventory of 40, a decrease of 20%.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last January, the median sale price for Lansdowne and Yeadon Homes was $225,000. This January, the median sale price was $299,950, an increase of $74,950 compared to last year. The current median sold price is higher than in December.

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


New Listings
22
Current Contracts
22
Sold Vs. List Price
101.2%
Months of Supply
2.3
Up 5%
Vs. Year Ago
Up 29%
Vs. Year Ago
Up 2.6%
Vs. Year Ago
Up 21%
Vs. Year Ago

Months of Supply
In January, there was 2.3 months of supply available in Lansdowne and Yeadon, compared to 1.9 in January 2023. That is an increase of 20% 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 22 homes newly listed for sale in Lansdowne and Yeadon compared to 21 in January 2023, an increase of 5%. There were 22 current contracts pending sale this January compared to 17 a year ago. The number of current contracts is 29% higher than last January.

Sale Price to List Price Ratio
In January, the average sale price in Lansdowne and Yeadon was 101.2% of the average list price, which is 2.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 26, lower than the average last year, which was 38, a decrease of 32%.

The Long & Foster Market Minute Lansdowne and Yeadon are defined as properties listed in zip code/s 19050.
*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.