 |
|||
 |
|||
| | |||
| MARCH 2025 | |||
| | |||
| Zip Code(s): 19401 | |||
| Units Sold 23 |
Active Inventory 35 |
Median Sale Price $331,000 |
Days On Market 26 |
|
|
|
|
|
| Down -30% Vs. Year Ago |
Down -15% Vs. Year Ago |
Up Vs. Year Ago |
Up 4% Vs. Year Ago |
| | |||
Units Sold
There was a decrease in total units sold in March, with 23 sold this month in Norristown, Audubon, and Eagleville Real Estate versus 26 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 30% versus March 2024. |
|||
Active Inventory
Versus last year, the total number of homes available this month is lower by 6 units or 15%. The total number of active inventory this March was 35 compared to 41 in March 2024. This month's total of 35 is lower than the previous month's total supply of available inventory of 39, a decrease of 10%. |
|||
Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Norristown, Audubon, and Eagleville Homes was $260,000. This March, the median sale price was $331,000, an increase of $71,000 compared to last year. The current median sold price is higher 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 39 |
Current Contracts 38 |
Sold Vs. List Price 100.5% |
Months of Supply 1.5 |
|
|
|
|
|
| Up 11% Vs. Year Ago |
Up 9% Vs. Year Ago |
No Change Vs. Year Ago |
Up 23% Vs. Year Ago |
| | |||
Months of Supply
In March, there was 1.5 months of supply available in Norristown, Audubon, and Eagleville, compared to 1.2 in March 2024. That is an increase of 22% 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 39 homes newly listed for sale in Norristown, Audubon, and Eagleville compared to 35 in March 2024, an increase of 11%. There were 38 current contracts pending sale this March compared to 35 a year ago. The number of current contracts is 9% higher than last March. |
|||
Sale Price to List Price Ratio
In March, the average sale price in Norristown, Audubon, and Eagleville was 100.5% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 26, higher than the average last year, which was 25, an increase of 4%. | |||
 |
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. |
|||