The Long & Foster Market Minute

Focus On: Drexel Hill Housing Market March 2021

Zip Code(s): 19026
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 5%
Vs. Year Ago
Down -70%
Vs. Year Ago
Up 20%
Vs. Year Ago
Down -33%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 40 sold this month in Drexel Hill Real Estate versus 37 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an increase of 5% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 45 units or 70%. The total number of active inventory this March was 19 compared to 64 in March 2020. This month's total of 19 is lower than the previous month's total supply of available inventory of 27, a decrease of 30%.

Median Sale Price
Last March, the median sale price for Drexel Hill Homes was $182,500. This March, the median sale price was $219,500, an increase of 20% or $37,000 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
Current Contracts
Sold Vs. List Price
Months of Supply
Up 37%
Vs. Year Ago
Up 57%
Vs. Year Ago
Up 1.9%
Vs. Year Ago
Down -71%
Vs. Year Ago

Months of Supply
In March, there was 0.5 months of supply available in Drexel Hill, compared to 1.7 in March 2020. That is a decrease of 72% 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 59 homes newly listed for sale in Drexel Hill compared to 43 in March 2020, an increase of 37%. There were 63 current contracts pending sale this March compared to 40 a year ago. The number of current contracts is 57% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Drexel Hill was 101.3% 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 24, lower than the average last year, which was 36, a decrease of 33%.

The Long & Foster Market Minute Drexel Hill are defined as properties listed in zip code/s 19026.
*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.