The Long & Foster Market Minute

Focus On: Devonshire, Arden, and Claymont Housing Market March 2021

Zip Code(s): 19810 and 19703
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -5%
Vs. Year Ago
Down -66%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -36%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 37 sold this month in Devonshire, Arden, and Claymont Real Estate versus 31 last month, an increase of 19%. This month's total units sold was lower than at this time last year, a decrease of 5% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 41 units or 66%. The total number of active inventory this March was 21 compared to 62 in March 2020. This month's supply remained stable as compared to last month.

Median Sale Price
Last March, the median sale price for Devonshire, Arden, and Claymont Homes was $320,000. This March, the median sale price was $340,000, an increase of 6% or $20,000 compared to last year. The current median sold price is 13% 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
Current Contracts
Sold Vs. List Price
Months of Supply
Up 19%
Vs. Year Ago
Up 36%
Vs. Year Ago
No Change
Vs. Year Ago
Down -64%
Vs. Year Ago

Months of Supply
In March, there was 0.6 months of supply available in Devonshire, Arden, and Claymont, compared to 1.6 in March 2020. That is a decrease of 64% 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 57 homes newly listed for sale in Devonshire, Arden, and Claymont compared to 48 in March 2020, an increase of 19%. There were 49 current contracts pending sale this March compared to 36 a year ago. The number of current contracts is 36% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Devonshire, Arden, and Claymont was 99.5% 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 14, lower than the average last year, which was 22, a decrease of 36%.

The Long & Foster Market Minute Devonshire, Arden, and Claymont are defined as properties listed in zip code/s 19810 and 19703.
*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.