The Long & Foster Market Minute

Focus On: Blue Bell, Five Points, and Plymouth Meeting Housing Market June 2021

Zip Code(s): 19422 and 19462
Units Sold
56
Active Inventory
37
Median Sale Price
$467,500
Days On Market
12
Up
Vs. Year Ago
Down -53%
Vs. Year Ago
Up 22%
Vs. Year Ago
Down -73%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 56 sold this month in Blue Bell, Five Points, and Plymouth Meeting 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 41 units or 53%. The total number of active inventory this June was 37 compared to 78 in June 2020. This month's total of 37 is lower than the previous month's total supply of available inventory of 44, a decrease of 16%.

Median Sale Price
Last June, the median sale price for Blue Bell, Five Points, and Plymouth Meeting Homes was $384,000. This June, the median sale price was $467,500, an increase of 22% or $83,500 compared to last year. The current median sold price is 5% lower than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
59
Current Contracts
57
Sold Vs. List Price
102.7%
Months of Supply
0.7
Up 2%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up
Vs. Year Ago
Down -77%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Blue Bell, Five Points, and Plymouth Meeting, compared to 2.9 in June 2020. That is a decrease of 77% 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 59 homes newly listed for sale in Blue Bell, Five Points, and Plymouth Meeting compared to 58 in June 2020, an increase of 2%. There were 57 current contracts pending sale this June compared to 54 a year ago. The number of current contracts is 6% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Blue Bell, Five Points, and Plymouth Meeting was 102.7% of the average list price, which is 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 45, a decrease of 73%.

The Long & Foster Market Minute Blue Bell, Five Points, and Plymouth Meeting are defined as properties listed in zip code/s 19422 and 19462.
*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.