SPRINGFIELD, WALLINGFORD, AND SWARTHMORE HOUSING MARKET DATA

There was an increase in total units sold in May, with 50 sold this month in Springfield, Wallingford, and Swarthmore Real Estate versus 48 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 21% versus May 2024.

Versus last year, the total number of homes available this month is higher by 18 units or 31%. The total number of active inventory this May was 77 compared to 59 in May 2024. This month's supply remained stable as compared to last month.

Last May, the median sale price for Springfield, Wallingford, and Swarthmore Homes was $445,000. This May, the median sale price was $490,450, an increase of 10% or $45,450 compared to last year. The current median sold price is 22% higher than in April.

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

In May, there was 1.5 months of supply available in Springfield, Wallingford, and Swarthmore, compared to 0.9 in May 2024. That is an increase of 64% 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 66 homes newly listed for sale in Springfield, Wallingford, and Swarthmore compared to 73 in May 2024, a decrease of 10%. There were 63 current contracts pending sale this May compared to 68 a year ago. The number of current contracts is 7% lower than last May.

In May, the average sale price in Springfield, Wallingford, and Swarthmore was 102.5% of the average list price, which is 1.2% higher than at this time last year.

This month, the average number of days on market was 23, higher than the average last year, which was 12, an increase of 92%.





FOCUS ON: SPRINGFIELD, WALLINGFORD, AND SWARTHMORE HOUSING MARKET			MAY 2025

Zip Code(s): 19064, 19081, 19070, 19086 and 19033
Units Sold 50	Active Inventory 77	Median Sale Price $490,450	Days On Market 23

Down -21% Vs. Year Ago	Up 31% Vs. Year Ago	Up 10% Vs. Year Ago	Up 92% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 50 sold this month in Springfield, Wallingford, and Swarthmore Real Estate versus 48 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 21% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 18 units or 31%. The total number of active inventory this May was 77 compared to 59 in May 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last May, the median sale price for Springfield, Wallingford, and Swarthmore Homes was $445,000. This May, the median sale price was $490,450, an increase of 10% or $45,450 compared to last year. The current median sold price is 22% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 66	Current Contracts 63	Sold Vs. List Price 102.5%	Months of Supply 1.5

Down -10% Vs. Year Ago	Down -7% Vs. Year Ago	Up 1.2% Vs. Year Ago	Up 64% Vs. Year Ago


		Months of Supply In May, there was 1.5 months of supply available in Springfield, Wallingford, and Swarthmore, compared to 0.9 in May 2024. That is an increase of 64% 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 66 homes newly listed for sale in Springfield, Wallingford, and Swarthmore compared to 73 in May 2024, a decrease of 10%. There were 63 current contracts pending sale this May compared to 68 a year ago. The number of current contracts is 7% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Springfield, Wallingford, and Swarthmore was 102.5% of the average list price, which is 1.2% higher than at this time last year. Days on Market This month, the average number of days on market was 23, higher than the average last year, which was 12, an increase of 92%.


	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.