The Long & Foster Market Minute

Focus On: Levittown and Fairless Hills Housing Market March 2021

Zip Code(s): 19057, 19055, 19054, 19056 and 19030
Units Sold
66
Active Inventory
30
Median Sale Price
$316,000
Days On Market
12
Down -8%
Vs. Year Ago
Down -62%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -67%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 66 sold this month in Levittown and Fairless Hills 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 49 units or 62%. The total number of active inventory this March was 30 compared to 79 in March 2020. This month's total of 30 is higher than the previous month's total supply of available inventory of 28, an increase of 7%.

Median Sale Price
Last March, the median sale price for Levittown and Fairless Hills Homes was $272,450. This March, the median sale price was $316,000, an increase of 16% or $43,550 compared to last year. The current median sold price is 10% 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
93
Current Contracts
86
Sold Vs. List Price
100.2%
Months of Supply
0.5
Up 6%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
Down -59%
Vs. Year Ago

Months of Supply
In March, there was 0.5 months of supply available in Levittown and Fairless Hills, compared to 1.1 in March 2020. That is a decrease of 59% 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 93 homes newly listed for sale in Levittown and Fairless Hills compared to 88 in March 2020, an increase of 6%. There were 86 current contracts pending sale this March compared to 75 a year ago. The number of current contracts is 15% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Levittown and Fairless Hills was 100.2% 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 12, lower than the average last year, which was 36, a decrease of 67%.

The Long & Foster Market Minute Levittown and Fairless Hills are defined as properties listed in zip code/s 19057, 19055, 19054, 19056 and 19030.
*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.