The Long & Foster Market Minute

Focus On: Boothwyn and Marcus Hook Housing Market March 2021

Zip Code(s): 19061
Units Sold
21
Active Inventory
13
Median Sale Price
$211,000
Days On Market
11
No Change
Vs. Year Ago
Down -67%
Vs. Year Ago
Up 24%
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 21 sold this month in Boothwyn and Marcus Hook Real Estate, an increase of 62%. This month's total units sold is similar compared to a year ago.

Active Inventory
Versus last year, the total number of homes available this month is lower by 26 units or 67%. The total number of active inventory this March was 13 compared to 39 in March 2020. This month's total of 13 is lower than the previous month's total supply of available inventory of 19, a decrease of 32%.

Median Sale Price
Last March, the median sale price for Boothwyn and Marcus Hook Homes was $170,000. This March, the median sale price was $211,000, an increase of 24% or $41,000 compared to last year. The current median sold price is 8% 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
21
Current Contracts
23
Sold Vs. List Price
101.4%
Months of Supply
0.6
Up 5%
Vs. Year Ago
Up 35%
Vs. Year Ago
Up 3.8%
Vs. Year Ago
Down -67%
Vs. Year Ago

Months of Supply
In March, there was 0.6 months of supply available in Boothwyn and Marcus Hook, compared to 1.9 in March 2020. That is a decrease of 67% 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 21 homes newly listed for sale in Boothwyn and Marcus Hook compared to 20 in March 2020, an increase of 5%. There were 23 current contracts pending sale this March compared to 17 a year ago. The number of current contracts remained stable as compared to last March.

Sale Price to List Price Ratio
In March, the average sale price in Boothwyn and Marcus Hook was 101.4% of the average list price, which is 3.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 57. This decrease was impacted by the limited number of sales.

The Long & Foster Market Minute Boothwyn and Marcus Hook are defined as properties listed in zip code/s 19061.
*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.