The Long & Foster Market Minute

Focus On: Newtown and Washington Crossing Housing Market March 2021

Zip Code(s): 18940, 18977, 18980, 18934, 18946 and 18956
Units Sold
36
Active Inventory
46
Median Sale Price
$526,250
Days On Market
20
Up 16%
Vs. Year Ago
Down -60%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 36 sold this month in Newtown and Washington Crossing Real Estate versus 32 last month, an increase of 13%. This month's total units sold was higher than at this time last year, an increase of 16% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 70 units or 60%. The total number of active inventory this March was 46 compared to 116 in March 2020. This month's total of 46 is lower than the previous month's total supply of available inventory of 47, a decrease of 2%.

Median Sale Price
Last March, the median sale price for Newtown and Washington Crossing Homes was $490,000. This March, the median sale price was $526,250, an increase of 7% or $36,250 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
54
Current Contracts
53
Sold Vs. List Price
100.4%
Months of Supply
1.3
Up 20%
Vs. Year Ago
Up 130%
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -66%
Vs. Year Ago

Months of Supply
In March, there was 1.3 months of supply available in Newtown and Washington Crossing, compared to 3.7 in March 2020. That is a decrease of 66% 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 54 homes newly listed for sale in Newtown and Washington Crossing compared to 45 in March 2020, an increase of 20%. There were 53 current contracts pending sale this March compared to 23 a year ago. The number of current contracts is 130% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Newtown and Washington Crossing was 100.4% 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 20, lower than the average last year, which was 54. This decrease was impacted by the limited number of sales.

The Long & Foster Market Minute Newtown and Washington Crossing are defined as properties listed in zip code/s 18940, 18977, 18980, 18934, 18946 and 18956.
*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.