NEWTOWN SQUARE AND GLEN MILLS HOUSING MARKET DATA

There was an increase in total units sold in May, with 53 sold this month in Newtown Square and Glen Mills 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 lower by 42 units or 35%. The total number of active inventory this May was 79 compared to 121 in May 2024. This month's total of 79 is lower than the previous month's total supply of available inventory of 84, a decrease of 6%.

Last May, the median sale price for Newtown Square and Glen Mills Homes was $777,500. This May, the median sale price was $720,500, a decrease of 7% or $57,000 compared to last year. The current median sold price is 4% higher than in April.

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

In May, there was 1.5 months of supply available in Newtown Square and Glen Mills, compared to 2.8 in May 2024. That is a decrease of 46% 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 50 homes newly listed for sale in Newtown Square and Glen Mills compared to 87 in May 2024, a decrease of 43%. There were 48 current contracts pending sale this May compared to 38 a year ago. The number of current contracts is 26% higher than last May.

In May, the average sale price in Newtown Square and Glen Mills was 101.9% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 22, lower than the average last year, which was 23, a decrease of 4%.





FOCUS ON: NEWTOWN SQUARE AND GLEN MILLS HOUSING MARKET			MAY 2025

Zip Code(s): 19073 and 19342
Units Sold 53	Active Inventory 79	Median Sale Price $720,500	Days On Market 22

Up 20% Vs. Year Ago	Down -35% Vs. Year Ago	Down -7% Vs. Year Ago	Down -4% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 53 sold this month in Newtown Square and Glen Mills 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 lower by 42 units or 35%. The total number of active inventory this May was 79 compared to 121 in May 2024. This month's total of 79 is lower than the previous month's total supply of available inventory of 84, a decrease of 6%.
		Median Sale Price Last May, the median sale price for Newtown Square and Glen Mills Homes was $777,500. This May, the median sale price was $720,500, a decrease of 7% or $57,000 compared to last year. The current median sold price is 4% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 50	Current Contracts 48	Sold Vs. List Price 101.9%	Months of Supply 1.5

Down -43% Vs. Year Ago	Up 26% Vs. Year Ago	Down -0.6% Vs. Year Ago	Down -46% Vs. Year Ago


		Months of Supply In May, there was 1.5 months of supply available in Newtown Square and Glen Mills, compared to 2.8 in May 2024. That is a decrease of 46% 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 50 homes newly listed for sale in Newtown Square and Glen Mills compared to 87 in May 2024, a decrease of 43%. There were 48 current contracts pending sale this May compared to 38 a year ago. The number of current contracts is 26% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Newtown Square and Glen Mills was 101.9% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 22, lower than the average last year, which was 23, a decrease of 4%.


	Newtown Square and Glen Mills are defined as properties listed in zip code/s 19073 and 19342.
	*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.