MORRIS PARK HOUSING MARKET DATA

The number of units sold remained stable in September, with 16 sold this month in Morris Park Real Estate. This month's total units sold was higher than at this time last year, an increase of 7% versus September 2024.

Versus last year, the total number of homes available this month is lower by 5 units or 7%. The total number of active inventory this September was 63 compared to 68 in September 2024. This month's total of 63 is lower than the previous month's total supply of available inventory of 64, a decrease of 2%.

Last September, the median sale price for Morris Park Homes was $162,500. This September, the median sale price was approximately the same at $192,750. The current median sold price is 19% higher than in September 2024.

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

In September, there was 3.9 months of supply available in Morris Park, compared to 5.7 in September 2024. That is a decrease of 31% 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 28 homes newly listed for sale in Morris Park compared to 30 in September 2024, a decrease of 7%. There were 23 current contracts pending sale this September compared to 20 a year ago. The number of current contracts is 15% higher than last September.

In September, the average sale price in Morris Park was 95.2% of the average list price, which is 3.7% lower than at this time last year.

This month, the average number of days on market was 57, higher than the average last year, which was 16. This increase was impacted by the limited number of sales.





FOCUS ON: MORRIS PARK HOUSING MARKET			SEPTEMBER 2025

Zip Code(s): 19151
Units Sold 16	Active Inventory 63	Median Sale Price $192,750	Days On Market 57

Up 33% Vs. Year Ago	Down -7% Vs. Year Ago	Up 19% Vs. Year Ago	Up Vs. Year Ago


		Units Sold The number of units sold remained stable in September, with 16 sold this month in Morris Park Real Estate. This month's total units sold was higher than at this time last year, an increase of 7% versus September 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 5 units or 7%. The total number of active inventory this September was 63 compared to 68 in September 2024. This month's total of 63 is lower than the previous month's total supply of available inventory of 64, a decrease of 2%.
		Median Sale Price Last September, the median sale price for Morris Park Homes was $162,500. This September, the median sale price was approximately the same at $192,750. The current median sold price is 19% higher than in September 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 28	Current Contracts 23	Sold Vs. List Price 95.2%	Months of Supply 3.9

Down -7% Vs. Year Ago	Up 15% Vs. Year Ago	Down -3.7% Vs. Year Ago	Down -31% Vs. Year Ago


		Months of Supply In September, there was 3.9 months of supply available in Morris Park, compared to 5.7 in September 2024. That is a decrease of 31% 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 28 homes newly listed for sale in Morris Park compared to 30 in September 2024, a decrease of 7%. There were 23 current contracts pending sale this September compared to 20 a year ago. The number of current contracts is 15% higher than last September.
		Sale Price to List Price Ratio In September, the average sale price in Morris Park was 95.2% of the average list price, which is 3.7% lower than at this time last year. Days on Market This month, the average number of days on market was 57, higher than the average last year, which was 16. This increase was impacted by the limited number of sales.


	Morris Park are defined as properties listed in zip code/s 19151.
	*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.