NORRISTOWN, AUDUBON, AND EAGLEVILLE HOUSING MARKET DATA

There was an increase in total units sold in May, with 40 sold this month in Norristown, Audubon, and Eagleville Real Estate versus 30 last month, an increase of 33%. This month's total units sold was higher than at this time last year, an increase of 14% versus May 2024.

Versus last year, the total number of homes available this month is higher by 2 units or 4%. The total number of active inventory this May was 47 compared to 45 in May 2024. This month's total of 47 is higher than the previous month's total supply of available inventory of 39, an increase of 21%.

Last May, the median sale price for Norristown, Audubon, and Eagleville Homes was $230,000. This May, the median sale price was $325,000, an increase of $95,000 compared to last year. The current median sold price is 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 1.2 months of supply available in Norristown, Audubon, and Eagleville, compared to 1.3 in May 2024. That is a decrease of 9% 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 47 homes newly listed for sale in Norristown, Audubon, and Eagleville compared to 44 in May 2024, an increase of 7%. There were 33 current contracts pending sale this May compared to 37 a year ago. The number of current contracts is 11% lower than last May.

In May, the average sale price in Norristown, Audubon, and Eagleville was 100.0% of the average list price, which is 2.6% lower than at this time last year.

This month, the average number of days on market was 28, higher than the average last year, which was 15, an increase of 87%.





FOCUS ON: NORRISTOWN, AUDUBON, AND EAGLEVILLE HOUSING MARKET			MAY 2025

Zip Code(s): 19401
Units Sold 40	Active Inventory 47	Median Sale Price $325,000	Days On Market 28

Up 14% Vs. Year Ago	Up 4% Vs. Year Ago	Up Vs. Year Ago	Up 87% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 40 sold this month in Norristown, Audubon, and Eagleville Real Estate versus 30 last month, an increase of 33%. This month's total units sold was higher than at this time last year, an increase of 14% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 2 units or 4%. The total number of active inventory this May was 47 compared to 45 in May 2024. This month's total of 47 is higher than the previous month's total supply of available inventory of 39, an increase of 21%.
		Median Sale Price Last May, the median sale price for Norristown, Audubon, and Eagleville Homes was $230,000. This May, the median sale price was $325,000, an increase of $95,000 compared to last year. The current median sold price is 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 47	Current Contracts 33	Sold Vs. List Price 100.0%	Months of Supply 1.2

Up 7% Vs. Year Ago	Down -11% Vs. Year Ago	Down -2.6% Vs. Year Ago	Down -9% Vs. Year Ago


		Months of Supply In May, there was 1.2 months of supply available in Norristown, Audubon, and Eagleville, compared to 1.3 in May 2024. That is a decrease of 9% 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 47 homes newly listed for sale in Norristown, Audubon, and Eagleville compared to 44 in May 2024, an increase of 7%. There were 33 current contracts pending sale this May compared to 37 a year ago. The number of current contracts is 11% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Norristown, Audubon, and Eagleville was 100.0% of the average list price, which is 2.6% lower than at this time last year. Days on Market This month, the average number of days on market was 28, higher than the average last year, which was 15, an increase of 87%.


	Norristown, Audubon, and Eagleville are defined as properties listed in zip code/s 19401.
	*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.