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| MARCH 2025 | |||
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| Zip Code(s): 19010, 19085, 19035 and 19041 | |||
| Units Sold 14 |
Active Inventory 48 |
Median Sale Price $1,207,500 |
Days On Market 32 |
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| Down Vs. Year Ago |
Down -32% Vs. Year Ago |
Up Vs. Year Ago |
Down -44% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in March, with 14 sold this month in 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 lower by 23 units or 32%. The total number of active inventory this March was 48 compared to 71 in March 2024. This month's total of 48 is lower than the previous month's total supply of available inventory of 49, a decrease of 2%. |
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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 Mainline Homes was $810,000. This March, the median sale price was $1,207,500, an increase of $397,500 compared to last year. The current median sold price is lower 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 32 |
Current Contracts 26 |
Sold Vs. List Price 101.6% |
Months of Supply 3.4 |
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| Down -32% Vs. Year Ago |
Down -26% Vs. Year Ago |
Up 2.8% Vs. Year Ago |
Up 83% Vs. Year Ago |
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Months of Supply
In March, there was 3.4 months of supply available in Mainline, compared to 1.9 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 32 homes newly listed for sale in Mainline compared to 47 in March 2024, a decrease of 32%. There were 26 current contracts pending sale this March compared to 35 a year ago. The number of current contracts is 26% lower than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Mainline was 101.6% of the average list price, which is 2.8% higher than at this time last year. Days on Market
This month, the average number of days on market was 32, lower than the average last year, which was 57, a decrease of 44%. | |||
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Mainline are defined as properties listed in zip code/s 19010, 19085, 19035 and 19041. | ||
| *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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