UNIVERSITY CITY, WEST PHILADELPHIA, AND OVERBROOK PARK HOUSING MARKET DATA

There was a decrease in total units sold in May, with 135 sold this month in University City, West Philadelphia, and Overbrook Park Real Estate versus 145 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 18% versus May 2024.

Versus last year, the total number of homes available this month is lower by 28 units or 5%. The total number of active inventory this May was 548 compared to 576 in May 2024. This month's total of 548 is lower than the previous month's total supply of available inventory of 614, a decrease of 11%.

Last May, the median sale price for University City, West Philadelphia, and Overbrook Park Homes was $180,000. This May, the median sale price was $221,500, an increase of 23% or $41,500 compared to last year. The current median sold price is 12% 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 4.1 months of supply available in University City, West Philadelphia, and Overbrook Park, compared to 3.5 in May 2024. That is an increase 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.

This month there were 198 homes newly listed for sale in University City, West Philadelphia, and Overbrook Park compared to 236 in May 2024, a decrease of 16%. There were 172 current contracts pending sale this May compared to 125 a year ago. The number of current contracts is 38% higher than last May.

In May, the average sale price in University City, West Philadelphia, and Overbrook Park was 98.8% of the average list price, which is 0.5% higher than at this time last year.

This month, the average number of days on market was 46, lower than the average last year, which was 54, a decrease of 15%.





FOCUS ON: UNIVERSITY CITY, WEST PHILADELPHIA, AND OVERBROOK PARK HOUSING MARKET			MAY 2025

Zip Code(s): 19151, 19131, 19139, 19104 and 19143
Units Sold 135	Active Inventory 548	Median Sale Price $221,500	Days On Market 46

Down -18% Vs. Year Ago	Down -5% Vs. Year Ago	Up 23% Vs. Year Ago	Down -15% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 135 sold this month in University City, West Philadelphia, and Overbrook Park Real Estate versus 145 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 18% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 28 units or 5%. The total number of active inventory this May was 548 compared to 576 in May 2024. This month's total of 548 is lower than the previous month's total supply of available inventory of 614, a decrease of 11%.
		Median Sale Price Last May, the median sale price for University City, West Philadelphia, and Overbrook Park Homes was $180,000. This May, the median sale price was $221,500, an increase of 23% or $41,500 compared to last year. The current median sold price is 12% 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 198	Current Contracts 172	Sold Vs. List Price 98.8%	Months of Supply 4.1

Down -16% Vs. Year Ago	Up 38% Vs. Year Ago	Up 0.5% Vs. Year Ago	Up 16% Vs. Year Ago


		Months of Supply In May, there was 4.1 months of supply available in University City, West Philadelphia, and Overbrook Park, compared to 3.5 in May 2024. That is an increase 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 198 homes newly listed for sale in University City, West Philadelphia, and Overbrook Park compared to 236 in May 2024, a decrease of 16%. There were 172 current contracts pending sale this May compared to 125 a year ago. The number of current contracts is 38% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in University City, West Philadelphia, and Overbrook Park was 98.8% of the average list price, which is 0.5% higher than at this time last year. Days on Market This month, the average number of days on market was 46, lower than the average last year, which was 54, a decrease of 15%.


	University City, West Philadelphia, and Overbrook Park are defined as properties listed in zip code/s 19151, 19131, 19139, 19104 and 19143.
	*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.