MEDIA HOUSING MARKET DATA

There was an increase in total units sold in March, with 25 sold this month in Media Real Estate versus 23 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 29% versus March 2024.

Versus last year, the total number of homes available this month is lower by 12 units or 23%. The total number of active inventory this March was 41 compared to 53 in March 2024. This month's total of 41 is lower than the previous month's total supply of available inventory of 42, a decrease of 2%.

Last March, the median sale price for Media Homes was $660,000. This March, the median sale price was $630,000, a decrease of 5% or $30,000 compared to last year. The current median sold price is 6% 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.

In March, there was 1.6 months of supply available in Media, compared to 1.5 in March 2024. That is an increase of 8% 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 34 homes newly listed for sale in Media compared to 44 in March 2024, a decrease of 23%. There were 26 current contracts pending sale this March compared to 43 a year ago. The number of current contracts is 40% lower than last March.

In March, the average sale price in Media was 101.0% of the average list price, which is 1.5% higher than at this time last year.

This month, the average number of days on market was 30, lower than the average last year, which was 64. This decrease was impacted by the limited number of sales.





FOCUS ON: MEDIA HOUSING MARKET			MARCH 2025

Zip Code(s): 19063 and 19065
Units Sold 25	Active Inventory 41	Median Sale Price $630,000	Days On Market 30

Down -29% Vs. Year Ago	Down -23% Vs. Year Ago	Down -5% Vs. Year Ago	Down Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 25 sold this month in Media Real Estate versus 23 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 29% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 12 units or 23%. The total number of active inventory this March was 41 compared to 53 in March 2024. This month's total of 41 is lower than the previous month's total supply of available inventory of 42, a decrease of 2%.
		Median Sale Price Last March, the median sale price for Media Homes was $660,000. This March, the median sale price was $630,000, a decrease of 5% or $30,000 compared to last year. The current median sold price is 6% 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.



New Listings 34	Current Contracts 26	Sold Vs. List Price 101.0%	Months of Supply 1.6

Down -23% Vs. Year Ago	Down -40% Vs. Year Ago	Up 1.5% Vs. Year Ago	Up 9% Vs. Year Ago


		Months of Supply In March, there was 1.6 months of supply available in Media, compared to 1.5 in March 2024. That is an increase of 8% 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 34 homes newly listed for sale in Media compared to 44 in March 2024, a decrease of 23%. There were 26 current contracts pending sale this March compared to 43 a year ago. The number of current contracts is 40% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Media was 101.0% of the average list price, which is 1.5% 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 64. This decrease was impacted by the limited number of sales.


	Media are defined as properties listed in zip code/s 19063 and 19065.
	*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.