The Long & Foster Market Minute

FOCUS ON: UPPER DARBY HOUSING MARKET APRIL 2024

Zip Code(s): 19082
Units Sold
31
Active Inventory
31
Median Sale Price
$180,000
Days On Market
26
Up 24%
Vs. Year Ago
Down -38%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -7%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 31 sold this month in Upper Darby Real Estate versus 23 last month, an increase of 35%. This month's total units sold was higher than at this time last year, an increase of 24% versus April 2023.

Active Inventory
Versus last year, the total number of homes available this month is lower by 19 units or 38%. The total number of active inventory this April was 31 compared to 50 in April 2023. This month's total of 31 is lower than the previous month's total supply of available inventory of 44, a decrease of 30%.

Median Sale Price
Last April, the median sale price for Upper Darby Homes was $179,000. This April, the median sale price was $180,000, an increase of 1% or $1,000 compared to last year. The current median sold price is 9% lower than in March.

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


New Listings
33
Current Contracts
34
Sold Vs. List Price
99.6%
Months of Supply
1.0
Up 6%
Vs. Year Ago
Up 62%
Vs. Year Ago
No Change
Vs. Year Ago
Down -50%
Vs. Year Ago

Months of Supply
In April, there was 1.0 months of supply available in Upper Darby, compared to 2.0 in April 2023. That is a decrease of 50% 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 33 homes newly listed for sale in Upper Darby compared to 31 in April 2023, an increase of 6%. There were 34 current contracts pending sale this April compared to 21 a year ago. The number of current contracts is 62% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Upper Darby 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 26, lower than the average last year, which was 28, a decrease of 7%.

The Long & Foster Market Minute Upper Darby are defined as properties listed in zip code/s 19082.
*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.