The Long & Foster Market Minute

FOCUS ON: NORTHAMPTON COUNTY HOUSING MARKET JANUARY 2025

Units Sold
4
Active Inventory
90
Median Sale Price
$1,025,962
Days On Market
195
Down
Vs. Year Ago
Down -17%
Vs. Year Ago
Up
Vs. Year Ago
Up 9%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in January, with 4 sold this month in Northampton County Real Estate. This month's total units sold was lower than at this time last year, a decrease from January 2024.

Active Inventory
Versus last year, the total number of homes available this month is lower by 19 units or 17%. The total number of active inventory this January was 90 compared to 109 in January 2024. This month's total of 90 is lower than the previous month's total supply of available inventory of 100, a decrease of 10%.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last January, the median sale price for Northampton County Homes was $565,000. This January, the median sale price was $1,025,962, an increase of $460,962 compared to last year. The current median sold price is higher than in December.

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


New Listings
15
Current Contracts
8
Sold Vs. List Price
91.8%
Months of Supply
22.5
Down -21%
Vs. Year Ago
Down -43%
Vs. Year Ago
Down
Vs. Year Ago
Up
Vs. Year Ago

Months of Supply
In January, there was 22.5 months of supply available in Northampton County, compared to 12.1 in January 2024. That is an increase 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 15 homes newly listed for sale in Northampton County compared to 19 in January 2024, a decrease of 21%. There were 8 current contracts pending sale this January compared to 14 a year ago. The number of current contracts is 43% lower than last January.

Sale Price to List Price Ratio
In January, the average sale price in Northampton County was 91.8% of the average list price, which is lower than at this time last year.

Days on Market
This month, the average number of days on market was 195, higher than the average last year, which was 179, an increase of 9%.

The Long & Foster Market Minute
*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 ESAOR 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 ESAOR or Long & Foster Real Estate, Inc.