NEWTOWN SQUARE AND GLEN MILLS HOUSING MARKET DATA

There was a decrease in total units sold in March, with 30 sold this month in Newtown Square and Glen Mills Real Estate versus 39 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 25% versus March 2024.

Versus last year, the total number of homes available this month is lower by 27 units or 29%. The total number of active inventory this March was 65 compared to 92 in March 2024. This month's total of 65 is higher than the previous month's total supply of available inventory of 64, an increase of 2%.

Last March, the median sale price for Newtown Square and Glen Mills Homes was $614,349. This March, the median sale price was $677,500, an increase of 10% or $63,151 compared to last year. The current median sold price is 4% 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 2.2 months of supply available in Newtown Square and Glen Mills, compared to 2.3 in March 2024. That is a decrease of 6% 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 48 homes newly listed for sale in Newtown Square and Glen Mills compared to 62 in March 2024, a decrease of 23%. There were 43 current contracts pending sale this March compared to 46 a year ago. The number of current contracts is 7% lower than last March.

In March, the average sale price in Newtown Square and Glen Mills was 100.3% of the average list price, which is higher than at this time last year.

This month, the average number of days on market was 52, higher than the average last year, which was 43, an increase of 21%.





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

Zip Code(s): 19073 and 19342
Units Sold 30	Active Inventory 65	Median Sale Price $677,500	Days On Market 52

Down -25% Vs. Year Ago	Down -29% Vs. Year Ago	Up 10% Vs. Year Ago	Up 21% Vs. Year Ago


		Units Sold There was a decrease in total units sold in March, with 30 sold this month in Newtown Square and Glen Mills Real Estate versus 39 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 25% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 27 units or 29%. The total number of active inventory this March was 65 compared to 92 in March 2024. This month's total of 65 is higher than the previous month's total supply of available inventory of 64, an increase of 2%.
		Median Sale Price Last March, the median sale price for Newtown Square and Glen Mills Homes was $614,349. This March, the median sale price was $677,500, an increase of 10% or $63,151 compared to last year. The current median sold price is 4% 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 48	Current Contracts 43	Sold Vs. List Price 100.3%	Months of Supply 2.2

Down -23% Vs. Year Ago	Down -7% Vs. Year Ago	Up Vs. Year Ago	Down -6% Vs. Year Ago


		Months of Supply In March, there was 2.2 months of supply available in Newtown Square and Glen Mills, compared to 2.3 in March 2024. That is a decrease of 6% 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 48 homes newly listed for sale in Newtown Square and Glen Mills compared to 62 in March 2024, a decrease of 23%. There were 43 current contracts pending sale this March compared to 46 a year ago. The number of current contracts is 7% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Newtown Square and Glen Mills was 100.3% of the average list price, which is higher than at this time last year. Days on Market This month, the average number of days on market was 52, higher than the average last year, which was 43, an increase of 21%.


	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.