The Long & Foster Market Minute

Focus On: Collegeville Housing Market March 2021

Zip Code(s): 19426 and 19453
Units Sold
41
Active Inventory
43
Median Sale Price
$375,000
Days On Market
33
Up 21%
Vs. Year Ago
Down -64%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 14%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 41 sold this month in Collegeville Real Estate versus 33 last month, an increase of 24%. This month's total units sold was higher than at this time last year, an increase of 21% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 78 units or 64%. The total number of active inventory this March was 43 compared to 121 in March 2020. This month's total of 43 is lower than the previous month's total supply of available inventory of 46, a decrease of 7%.

Median Sale Price
Last March, the median sale price for Collegeville Homes was $388,500. This March, the median sale price was $375,000, a decrease of 3% or $13,500 compared to last year. The current median sold price is 15% 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
75
Current Contracts
55
Sold Vs. List Price
101.6%
Months of Supply
1.0
Up 19%
Vs. Year Ago
Up 38%
Vs. Year Ago
Up 3.2%
Vs. Year Ago
Down -71%
Vs. Year Ago

Months of Supply
In March, there was 1.0 months of supply available in Collegeville, compared to 3.6 in March 2020. That is a decrease of 71% 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 75 homes newly listed for sale in Collegeville compared to 63 in March 2020, an increase of 19%. There were 55 current contracts pending sale this March compared to 40 a year ago. The number of current contracts is 38% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Collegeville was 101.6% of the average list price, which is 3.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 33, higher than the average last year, which was 29, an increase of 14%.

The Long & Foster Market Minute Collegeville are defined as properties listed in zip code/s 19426 and 19453.
*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.