The Long & Foster Market Minute

Focus On: Roxborough and Manaunk Housing Market October 2022

Zip Code(s): 19128 and 19127
Units Sold
48
Active Inventory
125
Median Sale Price
$310,000
Days On Market
30
Down
Vs. Year Ago
Down -19%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 11%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 48 sold this month in Roxborough and Manaunk Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 29 units or 19%. The total number of active inventory this October was 125 compared to 154 in October 2021. This month's total of 125 is higher than the previous month's total supply of available inventory of 110, an increase of 14%.

Median Sale Price
Last October, the median sale price for Roxborough and Manaunk Homes was $312,500. This October, the median sale price was $310,000, a decrease of 1% or $2,500 compared to last year. The current median sold price is 8% 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
86
Current Contracts
51
Sold Vs. List Price
99.6%
Months of Supply
2.6
Down -12%
Vs. Year Ago
Down -41%
Vs. Year Ago
No Change
Vs. Year Ago
Up 30%
Vs. Year Ago

Months of Supply
In October, there was 2.6 months of supply available in Roxborough and Manaunk, compared to 2.0 in October 2021. That is an increase of 30% 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 86 homes newly listed for sale in Roxborough and Manaunk compared to 98 in October 2021, a decrease of 12%. There were 51 current contracts pending sale this October compared to 87 a year ago. The number of current contracts is 41% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Roxborough and Manaunk was 99.6% 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 30, higher than the average last year, which was 27, an increase of 11%.

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.