The Long & Foster Market Minute

Focus On: Roxborough and Manayunk Housing Market October 2023

Zip Code(s): 19128 and 19127
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -15%
Vs. Year Ago
Down -28%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -13%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 41 sold this month in Roxborough and Manayunk Real Estate versus 43 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 15% versus October 2022.

Active Inventory
Versus last year, the total number of homes available this month is lower by 38 units or 28%. The total number of active inventory this October was 96 compared to 134 in October 2022. This month's total of 96 is higher than the previous month's total supply of available inventory of 94, an increase of 2%.

Median Sale Price
Last October, the median sale price for Roxborough and Manayunk Homes was $310,000. This October, the median sale price was $350,000, an increase of 13% or $40,000 compared to last year. The current median sold price is 1% lower than in September.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -30%
Vs. Year Ago
No Change
Vs. Year Ago
Up 2.5%
Vs. Year Ago
Down -16%
Vs. Year Ago

Months of Supply
In October, there was 2.3 months of supply available in Roxborough and Manayunk, compared to 2.8 in October 2022. That is a decrease of 16% 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 60 homes newly listed for sale in Roxborough and Manayunk compared to 86 in October 2022, a decrease of 30%. There were 49 current contracts pending sale this October, consistent with the volume a year ago. The number of current contracts is 40% higher than last month.

Sale Price to List Price Ratio
In October, the average sale price in Roxborough and Manayunk was 102.0% of the average list price, which is 2.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 26, lower than the average last year, which was 30, a decrease of 13%.

The Long & Foster Market Minute Roxborough and Manayunk 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.