The Long & Foster Market Minute

Focus On: Mt. Penn, Reiffton, and Jacksonwald Housing Market March 2021

Zip Code(s): 19606
Units Sold
45
Active Inventory
17
Median Sale Price
$176,500
Days On Market
22
Up 25%
Vs. Year Ago
Down -80%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -21%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 45 sold this month in Mt. Penn, Reiffton, and Jacksonwald 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 66 units or 80%. The total number of active inventory this March was 17 compared to 83 in March 2020. This month's total of 17 is lower than the previous month's total supply of available inventory of 24, a decrease of 29%.

Median Sale Price
Last March, the median sale price for Mt. Penn, Reiffton, and Jacksonwald Homes was $159,888. This March, the median sale price was $176,500, an increase of 10% or $16,612 compared to last year. The current median sold price is 12% lower than in February.

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


New Listings
50
Current Contracts
48
Sold Vs. List Price
99.8%
Months of Supply
0.4
Down -9%
Vs. Year Ago
Up 30%
Vs. Year Ago
Up 1.4%
Vs. Year Ago
Down -84%
Vs. Year Ago

Months of Supply
In March, there was 0.4 months of supply available in Mt. Penn, Reiffton, and Jacksonwald, compared to 2.3 in March 2020. That is a decrease of 84% 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 50 homes newly listed for sale in Mt. Penn, Reiffton, and Jacksonwald compared to 55 in March 2020, a decrease of 9%. There were 48 current contracts pending sale this March compared to 37 a year ago. The number of current contracts is 30% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Mt. Penn, Reiffton, and Jacksonwald was 99.8% of the average list price, which is 1.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 22, lower than the average last year, which was 28, a decrease of 21%.

The Long & Foster Market Minute Mt. Penn, Reiffton, and Jacksonwald are defined as properties listed in zip code/s 19606.
*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.