The Long & Foster Market Minute

Focus On: Blue Ball, Talleyville, and West Farm Housing Market March 2021

Zip Code(s): 19803, 19807, 19732, 19710 and 19736
Units Sold
23
Active Inventory
46
Median Sale Price
$460,000
Days On Market
37
Down -34%
Vs. Year Ago
Down -45%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -49%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in March, with 23 sold this month in Blue Ball, Talleyville, and West Farm Real Estate versus 30 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 34% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 38 units or 45%. The total number of active inventory this March was 46 compared to 84 in March 2020. This month's total of 46 is higher than the previous month's total supply of available inventory of 42, an increase of 10%.

Median Sale Price
Last March, the median sale price for Blue Ball, Talleyville, and West Farm Homes was $399,900. This March, the median sale price was $460,000, an increase of 15% or $60,100 compared to last year. The current median sold price is 5% higher than in February.

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


New Listings
53
Current Contracts
42
Sold Vs. List Price
98.2%
Months of Supply
2.0
Down -4%
Vs. Year Ago
Up 2%
Vs. Year Ago
No Change
Vs. Year Ago
Down -17%
Vs. Year Ago

Months of Supply
In March, there was 2.0 months of supply available in Blue Ball, Talleyville, and West Farm, compared to 2.4 in March 2020. That is a decrease of 17% 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 53 homes newly listed for sale in Blue Ball, Talleyville, and West Farm compared to 55 in March 2020, a decrease of 4%. There were 42 current contracts pending sale this March compared to 41 a year ago. The number of current contracts is 2% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Blue Ball, Talleyville, and West Farm was 98.2% 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 37, lower than the average last year, which was 72, a decrease of 49%.

The Long & Foster Market Minute Blue Ball, Talleyville, and West Farm are defined as properties listed in zip code/s 19803, 19807, 19732, 19710 and 19736.
*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.