The Long & Foster Market Minute

Focus On: Chester Springs and Exton Housing Market June 2021

Zip Code(s): 19425, 19341, 19421 and 19480
Units Sold
56
Active Inventory
38
Median Sale Price
$488,500
Days On Market
10
Up
Vs. Year Ago
Down -58%
Vs. Year Ago
Down -2%
Vs. Year Ago
Down -69%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 56 sold this month in Chester Springs and Exton 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 52 units or 58%. The total number of active inventory this June was 38 compared to 90 in June 2020. This month's total of 38 is lower than the previous month's total supply of available inventory of 39, a decrease of 3%.

Median Sale Price
Last June, the median sale price for Chester Springs and Exton Homes was $500,000. This June, the median sale price was $488,500, a decrease of 2% or $11,500 compared to last year. The current median sold price is 10% 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
73
Current Contracts
62
Sold Vs. List Price
101.6%
Months of Supply
0.7
Down -6%
Vs. Year Ago
Down -15%
Vs. Year Ago
Up 3.6%
Vs. Year Ago
Down -83%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Chester Springs and Exton, compared to 3.9 in June 2020. That is a decrease of 83% 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 73 homes newly listed for sale in Chester Springs and Exton compared to 78 in June 2020, a decrease of 6%. There were 62 current contracts pending sale this June compared to 73 a year ago. The number of current contracts is 15% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Chester Springs and Exton was 101.6% of the average list price, which is 3.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 10, lower than the average last year, which was 32, a decrease of 69%.

The Long & Foster Market Minute Chester Springs and Exton are defined as properties listed in zip code/s 19425, 19341, 19421 and 19480.
*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.