MORRIS PARK AND WYNNEFIELD HOUSING MARKET DATA

There was an increase in total units sold in March, with 59 sold this month in Morris Park and Wynnefield Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 15 units or 11%. The total number of active inventory this March was 152 compared to 137 in March 2024. This month's total of 152 is lower than the previous month's total supply of available inventory of 197, a decrease of 23%.

Last March, the median sale price for Morris Park and Wynnefield Homes was $155,000. This March, the median sale price was $153,000, a decrease of 1% or $2,000 compared to last year. The current median sold price is 13% 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 2.6 months of supply available in Morris Park and Wynnefield, compared to 3.7 in March 2024. That is a decrease of 30% 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 59 homes newly listed for sale in Morris Park and Wynnefield compared to 58 in March 2024, an increase of 2%. There were 74 current contracts pending sale this March compared to 39 a year ago. The number of current contracts is 90% higher than last March.

In March, the average sale price in Morris Park and Wynnefield was 99.7% of the average list price, which is 1.9% higher than at this time last year.

This month, the average number of days on market was 47, lower than the average last year, which was 82, a decrease of 43%.





FOCUS ON: MORRIS PARK AND WYNNEFIELD HOUSING MARKET			MARCH 2025

Zip Code(s): 19151 and 19131
Units Sold 59	Active Inventory 152	Median Sale Price $153,000	Days On Market 47

Up Vs. Year Ago	Up 11% Vs. Year Ago	Down -1% Vs. Year Ago	Down -43% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 59 sold this month in Morris Park and Wynnefield Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 15 units or 11%. The total number of active inventory this March was 152 compared to 137 in March 2024. This month's total of 152 is lower than the previous month's total supply of available inventory of 197, a decrease of 23%.
		Median Sale Price Last March, the median sale price for Morris Park and Wynnefield Homes was $155,000. This March, the median sale price was $153,000, a decrease of 1% or $2,000 compared to last year. The current median sold price is 13% 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 59	Current Contracts 74	Sold Vs. List Price 99.7%	Months of Supply 2.6

Up 2% Vs. Year Ago	Up 90% Vs. Year Ago	Up 1.9% Vs. Year Ago	Down -30% Vs. Year Ago


		Months of Supply In March, there was 2.6 months of supply available in Morris Park and Wynnefield, compared to 3.7 in March 2024. That is a decrease of 30% 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 59 homes newly listed for sale in Morris Park and Wynnefield compared to 58 in March 2024, an increase of 2%. There were 74 current contracts pending sale this March compared to 39 a year ago. The number of current contracts is 90% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Morris Park and Wynnefield was 99.7% of the average list price, which is 1.9% higher than at this time last year. Days on Market This month, the average number of days on market was 47, lower than the average last year, which was 82, a decrease of 43%.


	Morris Park and Wynnefield are defined as properties listed in zip code/s 19151 and 19131.
	*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.