The Long & Foster Market Minute

Focus On: Holmesburg Housing Market June 2021

Zip Code(s): 19136
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Down -57%
Vs. Year Ago
Up 22%
Vs. Year Ago
Down -55%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 44 sold this month in Holmesburg 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 57%. The total number of active inventory this June was 31 compared to 72 in June 2020. This month's total of 31 is lower than the previous month's total supply of available inventory of 35, a decrease of 11%.

Median Sale Price
Last June, the median sale price for Holmesburg Homes was $172,450. This June, the median sale price was $211,000, an increase of 22% or $38,550 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
Current Contracts
Sold Vs. List Price
Months of Supply
Down -26%
Vs. Year Ago
Down -19%
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -69%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Holmesburg, compared to 2.3 in June 2020. That is a decrease of 69% 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 56 homes newly listed for sale in Holmesburg compared to 76 in June 2020, a decrease of 26%. There were 50 current contracts pending sale this June compared to 62 a year ago. The number of current contracts is 19% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Holmesburg was 100.5% of the average list price, which is 1.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 13, lower than the average last year, which was 29, a decrease of 55%.

The Long & Foster Market Minute Holmesburg are defined as properties listed in zip code/s 19136.
*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.