The Long & Foster Market Minute

Focus On: Roxborough and Manaunk Housing Market August 2021

Zip Code(s): 19128 and 19127
Units Sold
104
Active Inventory
144
Median Sale Price
$325,000
Days On Market
16
Up
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -54%
Vs. Year Ago

Units Sold
There was an increase in total units sold in August, with 104 sold this month in Roxborough and Manaunk 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 higher by 5 units or 4%. The total number of active inventory this August was 144 compared to 139 in August 2020. This month's total of 144 is higher than the previous month's total supply of available inventory of 139, an increase of 4%.

Median Sale Price
Last August, the median sale price for Roxborough and Manaunk Homes was $294,000. This August, the median sale price was $325,000, an increase of 11% or $31,000 compared to last year. The current median sold price is 5% higher than in July.

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


New Listings
120
Current Contracts
86
Sold Vs. List Price
101.7%
Months of Supply
1.4
Up 12%
Vs. Year Ago
Down -19%
Vs. Year Ago
Up 2.2%
Vs. Year Ago
Down -25%
Vs. Year Ago

Months of Supply
In August, there was 1.4 months of supply available in Roxborough and Manaunk, compared to 1.9 in August 2020. That is a decrease of 25% 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 120 homes newly listed for sale in Roxborough and Manaunk compared to 107 in August 2020, an increase of 12%. There were 86 current contracts pending sale this August compared to 106 a year ago. The number of current contracts is 19% lower than last August.

Sale Price to List Price Ratio
In August, the average sale price in Roxborough and Manaunk was 101.7% of the average list price, which is 2.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 16, lower than the average last year, which was 35, a decrease of 54%.

The Long & Foster Market Minute Roxborough and Manaunk are defined as properties listed in zip code/s 19128 and 19127.
*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.