The Long & Foster Market Minute

Focus On: Glen Mills, Chadds Ford, and Thornton Housing Market June 2021

Zip Code(s): 19342, 19317, 19373 and 19319
Units Sold
51
Active Inventory
51
Median Sale Price
$550,000
Days On Market
18
Up
Vs. Year Ago
Down -49%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -68%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 51 sold this month in Glen Mills, Chadds Ford, and Thornton 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 49 units or 49%. The total number of active inventory this June was 51 compared to 100 in June 2020. This month's total of 51 is higher than the previous month's total supply of available inventory of 44, an increase of 16%.

Median Sale Price
Last June, the median sale price for Glen Mills, Chadds Ford, and Thornton Homes was $495,500. This June, the median sale price was approximately the same at $550,000. The current median sold price is 11% higher than in June 2020.

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


New Listings
57
Current Contracts
46
Sold Vs. List Price
101.0%
Months of Supply
1.0
Down -2%
Vs. Year Ago
Down -35%
Vs. Year Ago
Up 2.7%
Vs. Year Ago
Down -68%
Vs. Year Ago

Months of Supply
In June, there was 1.0 months of supply available in Glen Mills, Chadds Ford, and Thornton, compared to 3.1 in June 2020. That is a decrease of 68% 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 57 homes newly listed for sale in Glen Mills, Chadds Ford, and Thornton compared to 58 in June 2020, a decrease of 2%. There were 46 current contracts pending sale this June compared to 71 a year ago. The number of current contracts is 35% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Glen Mills, Chadds Ford, and Thornton was 101.0% of the average list price, which is 2.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 18, lower than the average last year, which was 57, a decrease of 68%.

The Long & Foster Market Minute Glen Mills, Chadds Ford, and Thornton are defined as properties listed in zip code/s 19342, 19317, 19373 and 19319.
*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.