The Long & Foster Market Minute

Focus On: Hatboro, Willow Grove, Horsham Housing Market June 2021

Zip Code(s): 19040, 19090 and 19044
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 22%
Vs. Year Ago
Down -55%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 84 sold this month in Hatboro, Willow Grove, Horsham 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 1 units or 2%. The total number of active inventory this June was 47 compared to 48 in June 2020. This month's total of 47 is higher than the previous month's total supply of available inventory of 44, an increase of 7%.

Median Sale Price
Last June, the median sale price for Hatboro, Willow Grove, Horsham Homes was $286,000. This June, the median sale price was approximately the same at $350,000. The current median sold price is 22% 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
Current Contracts
Sold Vs. List Price
Months of Supply
Up 28%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 4.1%
Vs. Year Ago
Down -48%
Vs. Year Ago

Months of Supply
In June, there was 0.6 months of supply available in Hatboro, Willow Grove, Horsham, compared to 1.1 in June 2020. That is a decrease of 48% 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 95 homes newly listed for sale in Hatboro, Willow Grove, Horsham compared to 74 in June 2020, an increase of 28%. There were 79 current contracts pending sale this June compared to 71 a year ago. The number of current contracts is 11% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Hatboro, Willow Grove, Horsham was 103.3% of the average list price, which is 4.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 9, lower than the average last year, which was 20, a decrease of 55%.

The Long & Foster Market Minute Hatboro, Willow Grove, Horsham are defined as properties listed in zip code/s 19040, 19090 and 19044.
*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.