Springfield, Wallingford, and Swarthmore Housing Market Data

There was a decrease in total units sold in October, with 50 sold this month in Springfield, Wallingford, and Swarthmore Real Estate versus 73 last month, a decrease of 32%. This month's total units sold was lower than at this time last year, a decrease of 33% versus October 2021.

Versus last year, the total number of homes available this month is lower by 1 units or 2%. The total number of active inventory this October was 63 compared to 64 in October 2021. This month's supply remained stable as compared to last month.

Last October, the median sale price for Springfield, Wallingford, and Swarthmore Homes was $366,100. This October, the median sale price was $360,000, a decrease of 2% or $6,100 compared to last year. The current median sold price is 3% higher 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.

In October, there was 1.3 months of supply available in Springfield, Wallingford, and Swarthmore, compared to 0.9 in October 2021. That is an increase of 48% 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 64 homes newly listed for sale in Springfield, Wallingford, and Swarthmore compared to 73 in October 2021, a decrease of 12%. There were 59 current contracts pending sale this October compared to 81 a year ago. The number of current contracts remained stable as compared to last October.

In October, the average sale price in Springfield, Wallingford, and Swarthmore was 100.8% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 27, higher than the average last year, which was 17, an increase of 59%.





Focus On: Springfield, Wallingford, and Swarthmore Housing Market			October 2022

Zip Code(s): 19064, 19081, 19070, 19086 and 19033
Units Sold 50	Active Inventory 63	Median Sale Price $360,000	Days On Market 27

Down -33% Vs. Year Ago	Down -2% Vs. Year Ago	Down -2% Vs. Year Ago	Up 59% Vs. Year Ago


		Units Sold There was a decrease in total units sold in October, with 50 sold this month in Springfield, Wallingford, and Swarthmore Real Estate versus 73 last month, a decrease of 32%. This month's total units sold was lower than at this time last year, a decrease of 33% versus October 2021.
Active Inventory Versus last year, the total number of homes available this month is lower by 1 units or 2%. The total number of active inventory this October was 63 compared to 64 in October 2021. This month's supply remained stable as compared to last month.
		Median Sale Price Last October, the median sale price for Springfield, Wallingford, and Swarthmore Homes was $366,100. This October, the median sale price was $360,000, a decrease of 2% or $6,100 compared to last year. The current median sold price is 3% higher 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 64	Current Contracts 59	Sold Vs. List Price 100.8%	Months of Supply 1.3

Down -12% Vs. Year Ago	Down -27% Vs. Year Ago	Down -0.6% Vs. Year Ago	Up 48% Vs. Year Ago


		Months of Supply In October, there was 1.3 months of supply available in Springfield, Wallingford, and Swarthmore, compared to 0.9 in October 2021. That is an increase of 48% 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 64 homes newly listed for sale in Springfield, Wallingford, and Swarthmore compared to 73 in October 2021, a decrease of 12%. There were 59 current contracts pending sale this October compared to 81 a year ago. The number of current contracts remained stable as compared to last October.
		Sale Price to List Price Ratio In October, the average sale price in Springfield, Wallingford, and Swarthmore was 100.8% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 27, higher than the average last year, which was 17, an increase of 59%.


	Springfield, Wallingford, and Swarthmore are defined as properties listed in zip code/s 19064, 19081, 19070, 19086 and 19033.
	*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.