The Long & Foster Market Minute

Focus On: Schwenksville and Harleysville Housing Market March 2021

Zip Code(s): 19473, 19450, 19438, 19474 and 19430
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Down -67%
Vs. Year Ago
Vs. Year Ago
Down -21%
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 36 sold this month in Schwenksville and Harleysville 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 61 units or 67%. The total number of active inventory this March was 30 compared to 91 in March 2020. This month's total of 30 is lower than the previous month's total supply of available inventory of 39, a decrease of 23%.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Schwenksville and Harleysville Homes was $305,000. This March, the median sale price was $363,000, an increase of $58,000 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
Current Contracts
Sold Vs. List Price
Months of Supply
Down -20%
Vs. Year Ago
Up 25%
Vs. Year Ago
Up 1.9%
Vs. Year Ago
Down -66%
Vs. Year Ago

Months of Supply
In March, there was 0.8 months of supply available in Schwenksville and Harleysville, compared to 2.5 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 44 homes newly listed for sale in Schwenksville and Harleysville compared to 55 in March 2020, a decrease of 20%. There were 45 current contracts pending sale this March compared to 36 a year ago. The number of current contracts is 25% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Schwenksville and Harleysville was 100.6% of the average list price, which is 1.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 23, lower than the average last year, which was 29, a decrease of 21%.

The Long & Foster Market Minute Schwenksville and Harleysville are defined as properties listed in zip code/s 19473, 19450, 19438, 19474 and 19430.
*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.