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| MARCH 2025 | |||
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| Zip Code(s): 19003, 19096, 19072, 19004 and 19066 | |||
| Units Sold 26 |
Active Inventory 62 |
Median Sale Price $738,000 |
Days On Market 30 |
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| Down Vs. Year Ago |
Up 17% Vs. Year Ago |
Up Vs. Year Ago |
Down -12% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in March, with 26 sold this month in Lower Mainline Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 9 units or 17%. The total number of active inventory this March was 62 compared to 53 in March 2024. This month's total of 62 is higher than the previous month's total supply of available inventory of 59, an increase of 5%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Lower Mainline Homes was $515,000. This March, the median sale price was $738,000, an increase of $223,000 compared to last year. The current median sold price is higher than in February. 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 69 |
Current Contracts 62 |
Sold Vs. List Price 103.9% |
Months of Supply 2.4 |
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| Up 8% Vs. Year Ago |
Up 11% Vs. Year Ago |
Up 2.9% Vs. Year Ago |
Up 84% Vs. Year Ago |
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Months of Supply
In March, there was 2.4 months of supply available in Lower Mainline, compared to 1.3 in March 2024. That is an increase of 84% 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 69 homes newly listed for sale in Lower Mainline compared to 64 in March 2024, an increase of 8%. There were 62 current contracts pending sale this March compared to 56 a year ago. The number of current contracts is 11% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Lower Mainline was 103.9% of the average list price, which is 2.9% higher than at this time last year. Days on Market
This month, the average number of days on market was 30, lower than the average last year, which was 34, a decrease of 12%. | |||
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Lower Mainline are defined as properties listed in zip code/s 19003, 19096, 19072, 19004 and 19066. | ||
| *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. |
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