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FOCUS ON: PHOENIXVILLE HOUSING MARKET |
APRIL 2025 |
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Zip Code(s): 19460, 19480 and 19442 |
Units Sold
33 |
Active Inventory
71 |
Median Sale Price
$475,000 |
Days On Market
24 |
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Down -20%
Vs. Year Ago |
Up 48%
Vs. Year Ago |
Down -7%
Vs. Year Ago |
Up
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 33 sold this month in Phoenixville Real Estate versus 32 last month, an increase of 3%. This month's total units sold was lower than at this time last year, a decrease of 20% versus April 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 23 units or 48%. The total number of active inventory this April was 71 compared to 48 in April 2024. This month's total of 71 is higher than the previous month's total supply of available inventory of 67, an increase of 6%.
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Median Sale Price
Last April, the median sale price for Phoenixville Homes was $510,000. This April, the median sale price was $475,000, a decrease of 7% or $35,000 compared to last year. The current median sold price is 3% lower 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.
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New Listings
74 |
Current Contracts
61 |
Sold Vs. List Price
101.8% |
Months of Supply
2.2 |
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Up 12%
Vs. Year Ago |
Up 20%
Vs. Year Ago |
Down -1.5%
Vs. Year Ago |
Up 84%
Vs. Year Ago |
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Months of Supply
In April, there was 2.2 months of supply available in Phoenixville, compared to 1.2 in April 2024. That is an increase of 84% 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 74 homes newly listed for sale in Phoenixville compared to 66 in April 2024, an increase of 12%. There were 61 current contracts pending sale this April compared to 51 a year ago. The number of current contracts is 20% higher than last April.
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Sale Price to List Price Ratio
In April, the average sale price in Phoenixville was 101.8% of the average list price, which is 1.5% lower than at this time last year.
Days on Market
This month, the average number of days on market was 24, higher than the average last year, which was 11. This increase was impacted by the limited number of sales.
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Phoenixville are defined as properties listed in zip code/s 19460, 19480 and 19442. |
*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. |