The Long & Foster Market Minute

Focus On: Newtown Square and Glen Mills Housing Market April 2019

Zip Code(s): 19073 and 19342
Units Sold
51
Active Inventory
178
Median Sale Price
$479,900
Days On Market
115
Up 13%
Vs. Year Ago
Down -14%
Vs. Year Ago
Up 16%
Vs. Year Ago
Up
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 51 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 29 units or 14%. The total number of active inventory this April was 178 compared to 207 in April 2018. This month's total of 178 is lower than the previous month's total supply of available inventory of 182, a decrease of 2%.

Median Sale Price
Last April, the median sale price for Newtown Square and Glen Mills Homes was $415,000. This April, the median sale price was $479,900, an increase of 16% or $64,900 compared to last year. The current median sold price is 13% higher than in March.

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


New Listings
82
Current Contracts
66
Sold Vs. List Price
98.6%
Months of Supply
3.5
Down -14%
Vs. Year Ago
Down -6%
Vs. Year Ago
Up 1.5%
Vs. Year Ago
Down -24%
Vs. Year Ago

Months of Supply
In April, there was 3.5 months of supply available in Newtown Square and Glen Mills, compared to 4.6 in April 2018. That is a decrease of 24% 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 82 homes newly listed for sale in Newtown Square and Glen Mills compared to 95 in April 2018, a decrease of 14%. There were 66 current contracts pending sale this April compared to 70 a year ago. The number of current contracts is 6% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Newtown Square and Glen Mills was 98.6% 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 115, higher than the average last year, which was 55.

The Long & Foster Market Minute 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.
REALTOR, Equal Opportunity HousingInformation 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.