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FOCUS ON: NEWTOWN AND WASHINGTON CROSSING HOUSING MARKET |
JUNE 2025 |
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Zip Code(s): 18940, 18977, 18980, 18934, 18946 and 18956 |
Units Sold
45 |
Active Inventory
53 |
Median Sale Price
$737,500 |
Days On Market
14 |
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Up 18%
Vs. Year Ago |
Down -20%
Vs. Year Ago |
Down -10%
Vs. Year Ago |
Down -67%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in June, with 45 sold this month in Newtown and Washington Crossing Real Estate versus 36 last month, an increase of 25%. This month's total units sold was higher than at this time last year, an increase of 18% versus June 2024.
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Active Inventory
Versus last year, the total number of homes available this month is lower by 13 units or 20%. The total number of active inventory this June was 53 compared to 66 in June 2024. This month's total of 53 is lower than the previous month's total supply of available inventory of 66, a decrease of 20%.
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Median Sale Price
Last June, the median sale price for Newtown and Washington Crossing Homes was $822,500. This June, the median sale price was $737,500, a decrease of 10% or $85,000 compared to last year. The current median sold price is 15% higher than in May.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
39 |
Current Contracts
46 |
Sold Vs. List Price
100.0% |
Months of Supply
1.2 |
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Down -15%
Vs. Year Ago |
Up 15%
Vs. Year Ago |
Down -4.3%
Vs. Year Ago |
Down -32%
Vs. Year Ago |
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Months of Supply
In June, there was 1.2 months of supply available in Newtown and Washington Crossing, compared to 1.7 in June 2024. That is a decrease of 32% 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.
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New Listings & Current Contracts
This month there were 39 homes newly listed for sale in Newtown and Washington Crossing compared to 46 in June 2024, a decrease of 15%. There were 46 current contracts pending sale this June compared to 40 a year ago. The number of current contracts is 15% higher than last June.
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Sale Price to List Price Ratio
In June, the average sale price in Newtown and Washington Crossing was 100.0% of the average list price, which is 4.5% lower than at this time last year.
Days on Market
This month, the average number of days on market was 14, lower than the average last year, which was 42, a decrease of 67%.
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Newtown and Washington Crossing are defined as properties listed in zip code/s 18940, 18977, 18980, 18934, 18946 and 18956. |
*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. |