The Long & Foster Market Minute

Focus On: Upper Darby Housing Market October 2022

Zip Code(s): 19082
Units Sold
28
Active Inventory
36
Median Sale Price
$158,050
Days On Market
20
Down -28%
Vs. Year Ago
Down -48%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 25%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 28 sold this month in Upper Darby Real Estate versus 40 last month, a decrease of 30%. This month's total units sold was lower than at this time last year, a decrease of 28% versus October 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 33 units or 48%. The total number of active inventory this October was 36 compared to 69 in October 2021. This month's total of 36 is lower than the previous month's total supply of available inventory of 53, a decrease of 32%.

Median Sale Price
Last October, the median sale price for Upper Darby Homes was $160,000. This October, the median sale price was $158,050, a decrease of 1% or $1,950 compared to last year. The current median sold price is 8% lower 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
38
Current Contracts
41
Sold Vs. List Price
95.4%
Months of Supply
1.3
Down -28%
Vs. Year Ago
Down -15%
Vs. Year Ago
Down -4.6%
Vs. Year Ago
Down -27%
Vs. Year Ago

Months of Supply
In October, there was 1.3 months of supply available in Upper Darby, compared to 1.8 in October 2021. That is a decrease of 27% 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 38 homes newly listed for sale in Upper Darby compared to 53 in October 2021, a decrease of 28%. There were 41 current contracts pending sale this October compared to 48 a year ago. The number of current contracts is 15% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Upper Darby was 95.4% of the average list price, which is 4.6% lower than at this time last year.

Days on Market
This month, the average number of days on market was 20, higher than the average last year, which was 16, an increase of 25%.

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.