The Long & Foster Market Minute

Focus On: Near Northeast Philadelphia Housing Market June 2021

Zip Code(s): 19111, 19136, 19149, 19135 and 19152
Units Sold
237
Active Inventory
200
Median Sale Price
$237,000
Days On Market
13
Up
Vs. Year Ago
Down -41%
Vs. Year Ago
Up 29%
Vs. Year Ago
Down -52%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 237 sold this month in Near Northeast Philadelphia 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 141 units or 41%. The total number of active inventory this June was 200 compared to 341 in June 2020. This month's total of 200 is higher than the previous month's total supply of available inventory of 193, an increase of 4%.

Median Sale Price
Last June, the median sale price for Near Northeast Philadelphia Homes was $183,950. This June, the median sale price was $237,000, an increase of $53,050 compared to last year. The current median sold price is 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
329
Current Contracts
275
Sold Vs. List Price
101.6%
Months of Supply
0.8
Up 2%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 3.1%
Vs. Year Ago
Down -67%
Vs. Year Ago

Months of Supply
In June, there was 0.8 months of supply available in Near Northeast Philadelphia, compared to 2.6 in June 2020. That is a decrease of 67% 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 329 homes newly listed for sale in Near Northeast Philadelphia compared to 321 in June 2020, an increase of 2%. There were 275 current contracts pending sale this June compared to 268 a year ago. The number of current contracts is 3% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Near Northeast Philadelphia was 101.6% of the average list price, which is 3.1% 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 27, a decrease of 52%.

The Long & Foster Market Minute Near Northeast Philadelphia are defined as properties listed in zip code/s 19111, 19136, 19149, 19135 and 19152.
*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.