The Long & Foster Market Minute

Focus On: Havertown Housing Market March 2021

Zip Code(s): 19083
Units Sold
39
Active Inventory
12
Median Sale Price
$365,000
Days On Market
17
Down
Vs. Year Ago
Down -77%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 39 sold this month in Havertown Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 41 units or 77%. The total number of active inventory this March was 12 compared to 53 in March 2020. This month's total of 12 is lower than the previous month's total supply of available inventory of 15, a decrease of 20%.

Median Sale Price
Last March, the median sale price for Havertown Homes was $330,000. This March, the median sale price was $365,000, an increase of 11% or $35,000 compared to last year. The current median sold price is 4% 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
60
Current Contracts
63
Sold Vs. List Price
100.8%
Months of Supply
0.3
Up 40%
Vs. Year Ago
Up 85%
Vs. Year Ago
Up 1.3%
Vs. Year Ago
Down -71%
Vs. Year Ago

Months of Supply
In March, there was 0.3 months of supply available in Havertown, compared to 1.1 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 60 homes newly listed for sale in Havertown compared to 43 in March 2020, an increase of 40%. There were 63 current contracts pending sale this March compared to 34 a year ago. The number of current contracts is 85% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Havertown was 100.8% of the average list price, which is 1.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 36. This decrease was impacted by the limited number of sales.

The Long & Foster Market Minute Havertown are defined as properties listed in zip code/s 19083.
*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.