The Long & Foster Market Minute

Focus On: Coatesville Housing Market March 2021

Zip Code(s): 19320, 19358, 19376,
Units Sold
55
Active Inventory
44
Median Sale Price
$240,000
Days On Market
27
Down -31%
Vs. Year Ago
Down -73%
Vs. Year Ago
Down -14%
Vs. Year Ago
Down -44%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 55 sold this month in Coatesville Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 121 units or 73%. The total number of active inventory this March was 44 compared to 165 in March 2020. This month's total of 44 is lower than the previous month's total supply of available inventory of 53, a decrease of 17%.

Median Sale Price
Last March, the median sale price for Coatesville Homes was $280,000. This March, the median sale price was $240,000, a decrease of 14% or $40,000 compared to last year. The current median sold price is 2% 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
78
Current Contracts
69
Sold Vs. List Price
99.8%
Months of Supply
0.8
Down -13%
Vs. Year Ago
Up 17%
Vs. Year Ago
No Change
Vs. Year Ago
Down -61%
Vs. Year Ago

Months of Supply
In March, there was 0.8 months of supply available in Coatesville, compared to 2.1 in March 2020. That is a decrease of 61% 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 78 homes newly listed for sale in Coatesville compared to 90 in March 2020, a decrease of 13%. There were 69 current contracts pending sale this March compared to 59 a year ago. The number of current contracts is 17% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Coatesville was 99.8% 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 27, lower than the average last year, which was 48, a decrease of 44%.

The Long & Foster Market Minute Coatesville are defined as properties listed in zip code/s 19320, 19358, 19376, .
*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.