MORRIS PARK AND WYNNEFIELD HOUSING MARKET DATA

There was a decrease in total units sold in April, with 52 sold this month in Morris Park and Wynnefield Real Estate versus 61 last month, a decrease of 15%. This month's total units sold was higher than at this time last year, an increase of 6% versus April 2024.

Versus last year, the total number of homes available this month is higher by 29 units or 22%. The total number of active inventory this April was 162 compared to 133 in April 2024. This month's total of 162 is lower than the previous month's total supply of available inventory of 170, a decrease of 5%.

Last April, the median sale price for Morris Park and Wynnefield Homes was $175,800. This April, the median sale price was $250,000, an increase of $74,200 compared to last year. The current median sold price is higher 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.

In April, there was 3.1 months of supply available in Morris Park and Wynnefield, compared to 2.7 in April 2024. That is an increase of 15% 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 95 homes newly listed for sale in Morris Park and Wynnefield compared to 65 in April 2024, an increase of 46%. There were 66 current contracts pending sale this April compared to 49 a year ago. The number of current contracts is 35% higher than last April.

In April, the average sale price in Morris Park and Wynnefield was 99.8% of the average list price, which is 3.2% higher than at this time last year.

This month, the average number of days on market was 50, higher than the average last year, which was 46, an increase of 9%.





FOCUS ON: MORRIS PARK AND WYNNEFIELD HOUSING MARKET			APRIL 2025

Zip Code(s): 19151 and 19131
Units Sold 52	Active Inventory 162	Median Sale Price $250,000	Days On Market 50

Up 6% Vs. Year Ago	Up 22% Vs. Year Ago	Up Vs. Year Ago	Up 9% Vs. Year Ago


		Units Sold There was a decrease in total units sold in April, with 52 sold this month in Morris Park and Wynnefield Real Estate versus 61 last month, a decrease of 15%. This month's total units sold was higher than at this time last year, an increase of 6% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 29 units or 22%. The total number of active inventory this April was 162 compared to 133 in April 2024. This month's total of 162 is lower than the previous month's total supply of available inventory of 170, a decrease of 5%.
		Median Sale Price Last April, the median sale price for Morris Park and Wynnefield Homes was $175,800. This April, the median sale price was $250,000, an increase of $74,200 compared to last year. The current median sold price is higher 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 95	Current Contracts 66	Sold Vs. List Price 99.8%	Months of Supply 3.1

Up 46% Vs. Year Ago	Up 35% Vs. Year Ago	Up 3.3% Vs. Year Ago	Up 15% Vs. Year Ago


		Months of Supply In April, there was 3.1 months of supply available in Morris Park and Wynnefield, compared to 2.7 in April 2024. That is an increase of 15% 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 95 homes newly listed for sale in Morris Park and Wynnefield compared to 65 in April 2024, an increase of 46%. There were 66 current contracts pending sale this April compared to 49 a year ago. The number of current contracts is 35% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Morris Park and Wynnefield was 99.8% of the average list price, which is 3.2% higher than at this time last year. Days on Market This month, the average number of days on market was 50, higher than the average last year, which was 46, an increase of 9%.


	Morris Park and Wynnefield are defined as properties listed in zip code/s 19151 and 19131.
	*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.