The Long & Foster Market Minute

Focus On: Mt. Holly, Smithville, and Hainesport Housing Market March 2021

Zip Code(s): 08060 and 08036
Units Sold
48
Active Inventory
25
Median Sale Price
$260,000
Days On Market
31
Up
Vs. Year Ago
Down -74%
Vs. Year Ago
Up
Vs. Year Ago
Down -59%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 48 sold this month in Mt. Holly, Smithville, and Hainesport Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 71 units or 74%. The total number of active inventory this March was 25 compared to 96 in March 2020. This month's total of 25 is lower than the previous month's total supply of available inventory of 36, a decrease of 31%.

Median Sale Price
Last March, the median sale price for Mt. Holly, Smithville, and Hainesport Homes was $190,000. This March, the median sale price was $260,000, an increase of $70,000 compared to last year. The current median sold price is lower 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
47
Current Contracts
55
Sold Vs. List Price
100.1%
Months of Supply
0.5
Down -16%
Vs. Year Ago
Up 25%
Vs. Year Ago
Up 1.9%
Vs. Year Ago
Down -81%
Vs. Year Ago

Months of Supply
In March, there was 0.5 months of supply available in Mt. Holly, Smithville, and Hainesport, compared to 2.7 in March 2020. That is a decrease of 81% 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 47 homes newly listed for sale in Mt. Holly, Smithville, and Hainesport compared to 56 in March 2020, a decrease of 16%. There were 55 current contracts pending sale this March compared to 44 a year ago. The number of current contracts is 25% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Mt. Holly, Smithville, and Hainesport was 100.1% of the average list price, which is 1.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 31, lower than the average last year, which was 76, a decrease of 59%.

The Long & Foster Market Minute Mt. Holly, Smithville, and Hainesport are defined as properties listed in zip code/s 08060 and 08036.
*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.