SOUDERTON, TELFORD, AND HATFIELD HOUSING MARKET DATA

There was an increase in total units sold in March, with 22 sold this month in Souderton, Telford, and Hatfield Real Estate versus 19 last month, an increase of 16%. This month's total units sold was lower than at this time last year, a decrease of 29% versus March 2024.

Versus last year, the total number of homes available this month is higher by 11 units or 28%. The total number of active inventory this March was 50 compared to 39 in March 2024. This month's total of 50 is higher than the previous month's total supply of available inventory of 44, an increase of 14%.

Last March, the median sale price for Souderton, Telford, and Hatfield Homes was $441,500. This March, the median sale price was $457,500, an increase of 4% or $16,000 compared to last year. The current median sold price is 1% lower 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.

In March, there was 2.3 months of supply available in Souderton, Telford, and Hatfield, compared to 1.3 in March 2024. That is an increase of 81% 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.

This month there were 46 homes newly listed for sale in Souderton, Telford, and Hatfield compared to 42 in March 2024, an increase of 10%. There were 34 current contracts pending sale this March compared to 49 a year ago. The number of current contracts is 31% lower than last March.

In March, the average sale price in Souderton, Telford, and Hatfield was 101.6% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 11, lower than the average last year, which was 17, a decrease of 35%.





FOCUS ON: SOUDERTON, TELFORD, AND HATFIELD HOUSING MARKET			MARCH 2025

Zip Code(s): 18969, 18964, 19440 and 18915
Units Sold 22	Active Inventory 50	Median Sale Price $457,500	Days On Market 11

Down -29% Vs. Year Ago	Up 28% Vs. Year Ago	Up 4% Vs. Year Ago	Down -35% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 22 sold this month in Souderton, Telford, and Hatfield Real Estate versus 19 last month, an increase of 16%. This month's total units sold was lower than at this time last year, a decrease of 29% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 11 units or 28%. The total number of active inventory this March was 50 compared to 39 in March 2024. This month's total of 50 is higher than the previous month's total supply of available inventory of 44, an increase of 14%.
		Median Sale Price Last March, the median sale price for Souderton, Telford, and Hatfield Homes was $441,500. This March, the median sale price was $457,500, an increase of 4% or $16,000 compared to last year. The current median sold price is 1% lower 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 46	Current Contracts 34	Sold Vs. List Price 101.6%	Months of Supply 2.3

Up 10% Vs. Year Ago	Down -31% Vs. Year Ago	Down -0.7% Vs. Year Ago	Up 80% Vs. Year Ago


		Months of Supply In March, there was 2.3 months of supply available in Souderton, Telford, and Hatfield, compared to 1.3 in March 2024. That is an increase of 81% 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 46 homes newly listed for sale in Souderton, Telford, and Hatfield compared to 42 in March 2024, an increase of 10%. There were 34 current contracts pending sale this March compared to 49 a year ago. The number of current contracts is 31% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Souderton, Telford, and Hatfield was 101.6% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 11, lower than the average last year, which was 17, a decrease of 35%.


	Souderton, Telford, and Hatfield are defined as properties listed in zip code/s 18969, 18964, 19940 and 18915.
	*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.