The Long & Foster Market Minute

Focus On: Langhorne, Feasterville, and Feasterville Trevose Housing Market June 2021

Zip Code(s): 19047 and 19053
Units Sold
78
Active Inventory
46
Median Sale Price
$449,500
Days On Market
14
Up
Vs. Year Ago
Down -28%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -13%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 78 sold this month in Langhorne, Feasterville, and Feasterville Trevose 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 18 units or 28%. The total number of active inventory this June was 46 compared to 64 in June 2020. This month's total of 46 is higher than the previous month's total supply of available inventory of 40, an increase of 15%.

Median Sale Price
Last June, the median sale price for Langhorne, Feasterville, and Feasterville Trevose Homes was $380,000. This June, the median sale price was $449,500, an increase of 18% or $69,500 compared to last year. The current median sold price is 15% higher 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
85
Current Contracts
73
Sold Vs. List Price
102.4%
Months of Supply
0.6
No Change
Vs. Year Ago
Down -21%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -58%
Vs. Year Ago

Months of Supply
In June, there was 0.6 months of supply available in Langhorne, Feasterville, and Feasterville Trevose, compared to 1.4 in June 2020. That is a decrease of 59% 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 85 homes newly listed for sale in Langhorne, Feasterville, and Feasterville Trevose, which is similar to the amount in June 2020. There were 73 current contracts pending sale this June compared to 92 a year ago. The number of current contracts is 21% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Langhorne, Feasterville, and Feasterville Trevose was 102.4% of the average list price, which is 3.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 14, lower than the average last year, which was 16, a decrease of 13%.

The Long & Foster Market Minute Langhorne, Feasterville, and Feasterville Trevose are defined as properties listed in zip code/s 19047 and 19053.
*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.