The Long & Foster Market Minute

Focus On: Kingsessing Housing Market March 2021

Zip Code(s): 19143
Units Sold
52
Active Inventory
111
Median Sale Price
$223,450
Days On Market
40
Up 24%
Vs. Year Ago
Down -30%
Vs. Year Ago
Up 30%
Vs. Year Ago
Down -18%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 52 sold this month in Kingsessing Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 47 units or 30%. The total number of active inventory this March was 111 compared to 158 in March 2020. This month's total of 111 is lower than the previous month's total supply of available inventory of 118, a decrease of 6%.

Median Sale Price
Last March, the median sale price for Kingsessing Homes was $172,500. This March, the median sale price was $223,450, an increase of $50,950 compared to last year. The current median sold price is 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
86
Current Contracts
75
Sold Vs. List Price
97.6%
Months of Supply
2.1
Up 23%
Vs. Year Ago
Up 97%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
Down -43%
Vs. Year Ago

Months of Supply
In March, there was 2.1 months of supply available in Kingsessing, compared to 3.8 in March 2020. That is a decrease of 43% 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 86 homes newly listed for sale in Kingsessing compared to 70 in March 2020, an increase of 23%. There were 75 current contracts pending sale this March compared to 38 a year ago. The number of current contracts is 97% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Kingsessing was 97.6% of the average list price, which is 0.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 40, lower than the average last year, which was 49, a decrease of 18%.

The Long & Foster Market Minute Kingsessing are defined as properties listed in zip code/s 19143.
*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.